Stifel Nicolaus increased their price target on shares of Activision Blizzard (NASDAQ: ATVI) from $15.00 to $17.00 in a research note issued on Friday. The firm currently has a “buy” rating on the stock.
A number of other analysts have also recently weighed in on ATVI. Analysts at Argus reiterated a “buy” rating on shares of Activision Blizzard in a research note to investors on Monday, February 25th. They now have a $18.00 price target on the stock. Separately, analysts at Brean Murray reiterated a “buy” rating on shares of Activision Blizzard in a research note to investors on Tuesday, February 19th. Finally, analysts at Zacks downgraded shares of Activision Blizzard from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, February 14th. They now have a $13.00 price target on the stock.
Twenty investment analysts have rated the stock with a buy rating, three have given an overweight rating, and three have assigned a hold rating to the stock. The stock has a consensus rating of “buy” and an average target price of $15.72.
Activision Blizzard (NASDAQ: ATVI) opened at 15.03 on Friday. Activision Blizzard has a 52-week low of $10.45 and a 52-week high of $15.08. The stock’s 50-day moving average is currently $13.48. The company has a market cap of $16.739 billion and a price-to-earnings ratio of 14.88.
Activision Blizzard (NASDAQ: ATVI) last announced its earnings results on Thursday, February 7th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.06. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Activision Blizzard has set its Q1 guidance at $0.10 EPS and its FY13 guidance at $0.80 EPS. Analysts expect that Activision Blizzard will post $0.85 EPS for the current fiscal year.
The company also recently declared a annual dividend, which is scheduled for Wednesday, May 15th. Investors of record on Wednesday, March 20th will be given a dividend of $0.19 per share. This represents a yield of 1.42%. The ex-dividend date of this dividend is Monday, March 18th. This is an increase from Activision Blizzard’s previous annual dividend of $0.18.
Activision, Inc. (Activision Blizzard) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products.
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