Electronic Arts (EA) Stock Rating Upgraded by ValuEngine

Electronic Arts (NASDAQ:EA) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday.

A number of other equities research analysts also recently commented on the company. Credit Suisse Group decreased their target price on Electronic Arts from $127.00 to $126.00 and set an “outperform” rating for the company in a report on Wednesday, October 31st. Morgan Stanley decreased their target price on Electronic Arts from $130.00 to $122.00 and set an “equal weight” rating for the company in a report on Friday, August 31st. Bank of America downgraded Electronic Arts from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $159.00 to $126.00 in a report on Friday, August 31st. They noted that the move was a valuation call. Wedbush set a $158.00 target price on Electronic Arts and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Finally, Zacks Investment Research reaffirmed a “hold” rating on shares of Electronic Arts in a report on Tuesday, November 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Electronic Arts presently has an average rating of “Buy” and a consensus price target of $134.68.

Shares of EA stock traded up $2.70 during trading hours on Thursday, reaching $83.88. 5,734,069 shares of the company’s stock were exchanged, compared to its average volume of 3,981,861. Electronic Arts has a 1 year low of $79.50 and a 1 year high of $151.26. The firm has a market capitalization of $24.53 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 1.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.52 and a current ratio of 3.52.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.46. Electronic Arts had a return on equity of 26.01% and a net margin of 18.76%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. As a group, equities analysts forecast that Electronic Arts will post 3.87 earnings per share for the current year.

In other Electronic Arts news, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $84.36, for a total value of $759,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $113.42, for a total value of $113,420.00. Following the completion of the transaction, the general counsel now directly owns 18,029 shares of the company’s stock, valued at $2,044,849.18. The disclosure for this sale can be found here. Insiders sold 74,450 shares of company stock valued at $7,925,690 over the last three months. 2.24% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Sun Life Financial INC raised its stake in shares of Electronic Arts by 389.4% during the 2nd quarter. Sun Life Financial INC now owns 832 shares of the game software company’s stock worth $117,000 after buying an additional 662 shares during the period. CI Investments Inc. acquired a new position in shares of Electronic Arts during the 3rd quarter worth approximately $120,000. Massey Quick Simon & CO. LLC raised its stake in shares of Electronic Arts by 165.4% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,083 shares of the game software company’s stock worth $130,000 after buying an additional 675 shares during the period. Stratos Wealth Partners LTD. acquired a new position in shares of Electronic Arts during the 3rd quarter worth approximately $134,000. Finally, Bray Capital Advisors acquired a new position in shares of Electronic Arts during the 3rd quarter worth approximately $157,000. 94.99% of the stock is owned by institutional investors.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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