Boston, MA 03/19/2014 (wallstreetpr) – Take Two Interactive Software, Inc. (NASDAQ:TTWO) a developer, publisher and marketer of entertainment for consumers in the world vaulted to a new high on Monday trading session. The company’s stock was the subject of large decrease in short interest in January where short interest totaled 13,277,977 shares a decrease of 7.7%
Analysts at MKM Partners have recently weighed into the company stock raising their share price target from $21 to $24, they now have a buy rating on the company’s stock. Strengths in the company’s stock can be seen in multiple areas such as growth in earnings per share as well as impressive debt to equity ratio.
Take Two Interactive Rating in the market
Separately analysts at Benchmark Co have on the other hand downgraded the company’s stock to a hold rating from the previous “buy” rating. They now have a share price target of $20.05 down from the initial price target of $20.65. Analysts at Wedbush currently rate Take Two Interactive as an “Outperform” with a share price target of $19.
Take Two Interactive Software, Inc. (NASDAQ:TTWO) is currently rated by nine research equity firms as a “hold” with eight assigning a “buy” rating. The company’s average rating in the market currently stands at a Hold with a consensus price target of $20.58.
Take Two Interactive last posted its quarterly earnings on February 3 in which earnings per share came in at $1.70 beating consensus estimates of $1.35. Total revenue for the quarter clocked in at a high of $767.70 million, compared to consensus estimates of $701.20 million. This was an improvement considering the company reported earnings per share of $0.67 for the same quarter the prior year.
Take Two Interactive total revenues for the quarter was also up by 84.6% on a year over year basis with analysts expecting the company to report earnings per share of $4.21 for the current fiscal year.
Take Two Interactive Software, Inc. (NASDAQ:TTWO) was up on Tuesday trading session by 1.41%, closing the day at a high of $22.26
