The shares of Activision Blizzard Inc. (NASDAQ:ATVI) has been pegged with a rating of Buy by Nomura in its latest research note that was published on January 14, 2020. The Technology company has also assigned a $70 price target. Nomura 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. The Benchmark Company advised investors in its research note published on January 06, 2020, to Buy the ATVI stock while also putting a $72 price target. The stock had earned Underperform rating from Bernstein Markets when it published its report on October 02, 2019. That day the Bernstein set price target on the stock to $43. The stock was given Buy rating by Stifel in its report released on September 09, 2019, the day when the price target on the stock was placed at 65. Stephens was of a view that ATVI is Overweight in its latest report on September 05, 2019. BMO Capital Markets thinks that ATVI is worth Outperform rating. This was contained in the firm’s report on September 04, 2019 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, 8 believe it has the potential for further growth, thus rating it as Hold while 22 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $61.30. The price of the stock the last time has raised by 49.66% from its 52-Week high price while it is -2.04% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 60.73.
The shares of the company dipped by -0.68% during the trading session on Wednesday, reaching a low of $59.28 while ending the day at $59.64. During the trading session, a total of 5.64 million shares were traded which represents a 5.78% incline from the average session volume which is 5.99 million shares. ATVI had ended its last session trading at $60.05. Activision Blizzard Inc. currently has a market cap of $46.12 billion, while its P/E ratio stands at 34.16, while its P/E earnings growth sits at 6.50, with a beta of 0.86. Activision Blizzard Inc. debt-to-equity ratio currently stands at 0.22, while its quick ratio hovers at 3.40 ATVI 52-week low price stands at $39.85 while its 52-week high price is $60.88.
The company in its last quarterly report recorded $0.29 earnings per share which is above the predicted by most analysts. The Activision Blizzard Inc. generated 4.94 billion in revenue during the last quarter. In the second quarter last year, the firm recorded $0.34 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -327.59%. Activision Blizzard Inc. has the potential to record 2.02 EPS for the current fiscal year, according to equities analysts.
Investment analysts at BofA/Merrill published a research note on January 07, 2020 where it informed investors and clients that EOG Resources Inc. (NYSE:EOG) is now rated as Buy. Even though the stock has been trading at $86.33/share, analysts expect it to surge by 0.47% to reach $101.57/share. It started the day trading at $86.77 and traded between $85.25 and $86.74 throughout the trading session.
A look at its technical shows that EOG’s 50-day SMA is 77.68 while its 200-day SMA stands at 82.52. The stock has a high of $107.89 for the year while the low is $64.33. The stock, however, witnessed a rise in its short on 12/31/19. Compared to previous close which recorded 10.84 M shorted shares, the short percentage went higher by 18.77%, as 12.88M ATVI shares were shorted. At the moment, only 1.87% of EOG Resources Inc. shares were sold short. The company’s P/E ratio currently sits at 16.83, while the P/B ratio is 2.37. The company’s average trading volume currently stands at 4.21M shares, which means that the short-interest ratio is just 2.57 days. Over the past seven days, the company moved, with its shift of -0.69%. Looking further, the stock has raised 25.26% over the past 90 days while it gained 1.82% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Capital Research & Management Co…. bought more EOG shares, increasing its portfolio by 5.10% during the last quarter. This move now sees The Capital Research & Management Co…. purchasing 2,433,354 shares in the last quarter, thus it now holds 50,164,518 shares of EOG, with a total valuation of $4,201,780,028. The Vanguard Group, Inc. meanwhile bought more EOG shares in the recently filed quarter, changing its stake to $3,807,982,555 worth of shares.
Similarly, Capital Research & Management Co…. increased its EOG Resources Inc. shares by 9.04% during the recently filed quarter. After buying 37,567,300 shares in the last quarter, the firm now controls 3,113,766 shares of EOG Resources Inc. which are valued at $3,146,637,048. In the same vein, SSgA Funds Management, Inc. increased its EOG Resources Inc. shares by during the most recent reported quarter. The firm sold 369,687 shares during the quarter which increased its stakes to 27,195,543 shares and is now valued at $2,277,898,682. Following these latest developments, around 0.20% of EOG Resources Inc. stocks are owned by institutional investors and hedge funds.