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Principale » Activision Blizzard, Inc (NASDAQ:ATVI) Stock Rating Reaffirmed by Robert W. Baird

Activision Blizzard, Inc (NASDAQ:ATVI) Stock Rating Reaffirmed by Robert W. Baird

20 Juillet 2017

CIBC restated an "outperform" rating and set a $70.00 price target (up previously from $60.00) on shares of Activision Blizzard in a report on Thursday, June 22nd. Stock Has Skyrocketed 59.4% So Far in 2017" published on July 10, 2017 as well as Seekingalpha.com's news article titled: "Is Activision Blizzard Worth The Premium Price?" with publication date: "June 28, 2017. Activision Blizzard had 76 analyst reports since July 28, 2015 according to SRatingsIntel. UBS maintained the shares of ATVI in report on Wednesday, November 4 with "Buy" rating. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the stock. Stifel Nicolaus maintained it with "Buy" rating and $46 target in Monday, August 8 report. (NASDAQ:ATVI) stock was -0.40% off of the high and 15.55% removed from the low. The stock has a market capitalization of $46.22 billion, a PE ratio of 45.00 and a beta of 1.07. The share price has moved backward from its 20 days moving average, trading at a distance of -16.47% and stays -26.73% away from its 50 days moving average. Activision Blizzard has a 1-year low of $35.12 and a 1-year high of $62.39. Activision Blizzard also saw some unusual options trading on Monday. Stock traders bought 10,103 put options on the company. This is an increase of 241% compared to the typical volume of 4,866 call options.

Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, May 4th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.11. Activision Blizzard had a net margin of 14.63% and a return on equity of 16.90%. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.09 billion.

Diluted EPS for trailing twelve months is 1.36 and Quarterly Earnings Growth year over year is 17.4 Percent. Activision Blizzard's revenue was up 31.7% compared to the same quarter a year ago. $2.00 million worth of Activision Blizzard, Inc. Activision Blizzard earned a media sentiment score of 0.16 on Accern's scale. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and worldwide trademark and copyright law. The correct version of this report can be viewed at https://www.thestockobserver.com/2017/07/20/activision-blizzard-atvi-getting-somewhat-positive-press-coverage-report-finds-updated-updated-updated.html.

The CLS Holdings plc (CLI) Earns Buy Rating from Peel Hunt
The Firm operates through subsidiaries, which include South West Water Limited, Bournemouth Water Limited and Viridor Limited. The stock was purchased at an average cost of GBX 351 ($4.58) per share, with a total value of £9,898.20 ($12,925.31).

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm's stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $55.45, for a total value of $1,095,747.45. Following the transaction, the chief executive officer now owns 55,509 shares in the company, valued at approximately $3,077,974.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. FMR LLC now owns 112,040,404 shares of the company's stock worth $5,586,335,000 after buying an additional 560,282 shares during the last quarter.

Several equities research analysts recently commented on ATVI shares. BlackRock Inc. increased its position in shares of Activision Blizzard by 3,032.9% in the first quarter. BlackRock Inc. now owns 48,912,065 shares of the company's stock valued at $2,438,753,000 after buying an additional 47,350,818 shares during the last quarter. After $0.27 actual EPS reported by Activision Blizzard, Inc. for the previous quarter, Wall Street now forecasts -7.41% negative EPS growth. Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Egerton Capital UK LLP boosted its position in shares of Activision Blizzard by 225.7% in the first quarter. Nuveen Asset Mgmt Ltd Limited Liability Company owns 749,197 shares or 0.14% of their United States portfolio. Caxton Associates LP acquired a new stake in shares of Activision Blizzard during the first quarter worth $149,610,000. Finally, Janus Capital Management LLC boosted its position in Activision Blizzard by 4.0% in the first quarter. Hedge funds and other institutional investors own 87.45% of the company's stock.

Mizuho maintained Activision Blizzard, Inc. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. For the next 5 years, Activision Blizzard, Inc.is expecting Growth of 18.22% per annum, whereas in the past 5 years the growth was 32.64% per annum.