Activision Blizzard (NASDAQ:ATVI) Given a $80.00 Price Target by KeyCorp Analysts

KeyCorp set a $80.00 price objective on Activision Blizzard (NASDAQ:ATVI) in a research note issued to investors on Monday, January 8th. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Jefferies Group boosted their price objective on shares of Activision Blizzard from $80.00 to $82.00 and gave the stock a buy rating in a report on Friday, November 3rd. Vetr lowered shares of Activision Blizzard from a buy rating to a hold rating and set a $59.97 price objective for the company. in a report on Monday, October 23rd. Hilliard Lyons upgraded shares of Activision Blizzard from an underperform rating to a neutral rating in a report on Wednesday, November 8th. BTIG Research started coverage on shares of Activision Blizzard in a research note on Monday, December 18th. They issued a buy rating and a $80.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $75.00 target price on shares of Activision Blizzard in a research note on Thursday, October 12th. Seven investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $70.60.

Shares of Activision Blizzard (ATVI) traded down $0.84 during trading on Monday, reaching $71.61. 5,255,753 shares of the company’s stock traded hands, compared to its average volume of 5,410,000. Activision Blizzard has a twelve month low of $38.93 and a twelve month high of $72.68. The company has a market capitalization of $54,140.00, a price-to-earnings ratio of 49.05, a PEG ratio of 2.13 and a beta of 1.02. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44.

Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, November 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.11. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.74 billion. Activision Blizzard had a net margin of 15.90% and a return on equity of 17.56%. analysts anticipate that Activision Blizzard will post 2.1 EPS for the current year.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $63.64, for a total value of $1,257,590.04. Following the transaction, the chief executive officer now owns 41,435 shares in the company, valued at approximately $2,636,923.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.12% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Norinchukin Bank The lifted its stake in Activision Blizzard by 7.1% during the 2nd quarter. Norinchukin Bank The now owns 48,118 shares of the company’s stock valued at $2,770,000 after acquiring an additional 3,170 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Activision Blizzard by 39.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,101,771 shares of the company’s stock valued at $63,430,000 after acquiring an additional 309,181 shares during the period. Oppenheimer & Co. Inc. lifted its stake in Activision Blizzard by 94.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 66,349 shares of the company’s stock valued at $4,280,000 after acquiring an additional 32,224 shares during the period. Quantitative Systematic Strategies LLC bought a new position in Activision Blizzard during the 3rd quarter valued at about $881,000. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Activision Blizzard by 3.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 1,005,178 shares of the company’s stock worth $64,844,000 after purchasing an additional 34,070 shares during the period. Institutional investors and hedge funds own 86.92% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Activision Blizzard (NASDAQ:ATVI) Given a $80.00 Price Target by KeyCorp Analysts” was originally reported by BBNS and is the property of of BBNS. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://baseballnewssource.com/markets/keycorp-reiterates-80-00-price-target-for-activision-blizzard-atvi/1817723.html.

Activision Blizzard Company Profile

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Giants Will Retire No. 25 of Barry Bonds in August
Giants Will Retire No. 25 of Barry Bonds in August


Leave a Reply

 
© 2006-2018 BBNS.