Activision Blizzard, Inc. (ATVI) A Buy: BMO Capital

Activision Blizzard, Inc. (NASDAQ:ATVI) had its Buy rating reiterated by BMO Capital yesterday in a research note issued to investors.  The analyst has a $25 price target on the stock which represents a 13% upside to the last closing price.
On a consensus basis, Wall Street sell-side analysts have a mean target price of $25.762 for Activision Blizzard, Inc.. This number is based on the mean estimate from the 17 research firms that recently issued reports on the company.

According to analysts, Activision Blizzard, Inc. (ATVI) is expected to report earnings per share for the next fiscal quarter of $0.02. This is the consensus mean estimate based on the individual covering sell-side analysts’ reported numbers. The company last reported earnings for the period ending on 2014-12-31 of $0.91 for the most recent quarter.

The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 is a Strong Buy and 5 is a Strong Sell, has the stock is ranked 1.06 based on 17 sell-side broker recommendations. Of the 17 analyst estimates, the most bullish sees the stock reaching $31 within the next 12 months while the most bearish analyst sees the stock at $21 within the year. There are currently 1 analysts who have recently rated the stock as a buying opportunity.

In looking at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $1.15 . The high end estimate for this time frame is $1.21 with the low being $1.08. In looking at the next three to five years, the long term earnings per share estimate growth rate for the company is 15.23%, based on 3 analysts providing projections.

Activision, Inc. (Activision Blizzard) is a worldwide publisher of online, personal computer (PC), console, handheld, and mobile interactive entertainment products. The Company operates in three segments: Activision Publishing, Inc. (Activision) and its subsidiaries engaged in publishing interactive entertainment software products and downloadable content; Blizzard Entertainment, Inc. (Blizzard) and its subsidiaries engaged in publishing real-time strategy, role-playing PC games and online subscription-based games in the multiplayer online role-playing game (MMORPG) category, and Activision Blizzard Distribution engaged in distributing interactive entertainment software and hardware products (Distribution). In October 2013, ASAC II LP raised its stake to 24.9% from 9.512%, by acquiring a further 15.388% interest in Activision Blizzard Inc from Vivendi SA.