The shares of Activision Blizzard, Inc. (NASDAQ:ATVI) has been pegged with a rating of Buy by The Benchmark Company in its latest research note that was published on February 11th, 2019. The research company has also assigned a $68 price target. The Benchmark Company wasn’t the only research firm that published a report of Activision Blizzard, Inc., with other equities research analysts also giving their opinion on the stock. Goldman advised investors in its research note published on January 30th, 2019, to Neutral the ATVI stock while also putting a $50 price target. The stock had earned Hold rating from Deutsche Bank when it published its report on January 22nd, 2019. That day the Deutsche Bank set price target on the stock to $54. The stock was given Buy rating by The Benchmark Company in its report released on January 11th, 2019, the day when the price target on the stock was placed at $87. Stephens was of a view that ATVI is Overweight in its latest report on January 11th, 2019 while giving it a price target of $65. Needham thinks that ATVI is worth Buy rating. This was contained in the firm’s report on December 14th, 2018 in which the stock’s price target was also moved to $60.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 11 believe it has the potential for further growth, thus rating it as Hold while 11 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $60.54. The price of the stock the last time has dropped by -5.69% from its Week high price while it is dropped higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 32.88.
The shares of the company dipped by -7.60% during the trading session on Monday, reaching a low of $39.85 while ending the day at $40.11. During the trading session, a total of 44.62 million shares were traded which represents a -272.18% decline from the average session volume which is 11.99M shares. ATVI had ended its last session trading at 43.41. Activision Blizzard, Inc. currently has a market cap of $30.99B, while its P/E ratio stands at 25.43, while its P/E earnings growth sits at 4.33, with a beta of 0.88. Activision Blizzard, Inc. debt-to-equity ratio currently stands at 0.25, while its quick ratio hovers at 2.00. ATVI 52-week low price stands at $42.53 while its 52-week high price is $84.68.
The company in its last quarterly report recorded $0.52 earnings per share which is above the $0.50 predicted by most analysts. The Activision Blizzard, Inc. generated $1,658.00 million in revenue during the last quarter, which is slightly higher than the $1,657.00 million predicted by analysts. In the second quarter last year, the firm recorded $0.41 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 21.15%. Activision Blizzard, Inc. has the potential to record 1.58 EPS for the current fiscal year, according to equities analysts.
Investment analysts at JP Morgan published a research note on January 4th, 2019 where it informed investors and clients that Coty Inc. (NYSE:COTY) is now rated as Neutral. Goldman also rated COTY as Initiated on January 30th, 2019, with its price target of $17 suggesting that COTY could down by -4.21% from its current share price. Even though the stock has been trading at $9.33/share, analysts expect it to surge higher by 3.54% to reach $9.27/share. It started the day trading at $9.81 and traded between $9.24 and $9.66 throughout the trading session.
A look at its technical shows that COTY’s 50-day SMA is 7.40 while its 200-day SMA stands at 11.37. The company’s average trading volume currently stands at 11.69M shares, which means that the short-interest ratio is just 5.79 days. Over the past seven days, the company moved, with its shift of 26.44%. Looking further, the stock has raised 11.55% over the past 90 days while it lost -22.16% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Fidelity Management Research Co bought more COTY shares, increasing its portfolio by +6.41% during the last quarter. This move now sees Fidelity Management Research Co purchasing 3,267,120 shares in the last quarter, thus it now holds 54,264,489 shares of COTY, with a total valuation of $355,975,048. The Vanguard Group Inc meanwhile sold more COTY shares in the recently filed quarter, changing its stake to $293,731,242 worth of shares. Templeton Global Advisors Ltd followed the path by decreasing its COTY portfolio by -0.04% in the quarter. This means that Templeton Global Advisors Ltd sold -17,603 shares in the last quarter and now controls 41,004,388 shares of the COTY stock, with the valuation hitting $268,988,785.
Similarly, Wellington Management Co LLP decreased its Coty Inc. shares by -14.93% during the recently filed quarter. After selling -4,571,004 shares in the last quarter, the firm now controls 26,042,434 shares of Coty Inc. which are valued at $170,838,367. In the same vein, BlackRock Fund Advisors decreased its Coty Inc. shares by during the most recent reported quarter. The firm sold -469,685 shares during the quarter which decreased its stakes to 20,479,681 shares and is now valued at $134,346,707. Following these latest developments, around 40.70% of Coty Inc. stocks are owned by institutional investors and hedge funds.