Analyst Ratings for Activision Blizzard Inc. (ATVI)Updated: 2017-07-28
Shares of Activision Blizzard Inc. (NASDAQ:ATVI) have received a consensus rating of Overweight from Wall Street analysts. About 30 days ago, ATVI was issued an average rating of Overweight.
Of the 27 analysts covering the stock, 18 gave it a buy rating, 2 issued an overweight rating, 5 issued a hold rating, 0 issued an underweight rating, and 2 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. Over the same time period, there has been an increase of 1 in the number of analysts with a negative outlook on the stock.
Investment analysts gave a few price targets for ATVI. The most optimistic price target was 75, implying potential capital gains of 22.83 percent. The minimum price target given was 42, implying potential capital losses of -31.22 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is -12.78 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.25 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 1.6 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of ATVI to grow at a rate of 310.39 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of ATVI is 0.45.
ATVI has traded between a high of 63.19 and a low of 35.12 over the past year. The current market price is above the trailing year's low by 73.86 percent, and below the high by 3.37 percent. ATVI has a P/E ratio of 138.3. Investors typically compare the P/E ratio to a company's peers in the industry. The ATVI value stock report compares ATVI to some of its peers using value stock charts. The market cap of ATVI is $46.1 billion. ATVI's next earnings release will be on 0000-00-00, which is days away.