Electronic Arts Stock Rating Reaffirmed by Longbow Research (EA)
Electronic Arts (NASDAQ:EA)‘s stock had its “buy” rating restated by stock analysts at Longbow Research in a report issued on Wednesday, StockRatingsNetwork reports. They currently have a $36.00 target price on the stock, up from their previous target price of $34.00. Longbow Research’s price target points to a potential upside of 6.04% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Electronic Arts in a research note on Wednesday. They now have a $38.00 price target on the stock, up previously from $29.00. Separately, analysts at BMO Capital Markets raised their price target on shares of Electronic Arts from $35.00 to $40.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at MKM Partners raised their price target on shares of Electronic Arts from $27.00 to $36.00 in a research note on Wednesday. They now have a “neutral” rating on the stock. Twelve analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $31.41.
Shares of Electronic Arts (NASDAQ:EA) traded up 21.03% during mid-day trading on Wednesday, hitting $33.95. 24,834,818 shares of the company’s stock traded hands. Electronic Arts has a 52 week low of $19.80 and a 52 week high of $30.56. The stock’s 50-day moving average is $28.50 and its 200-day moving average is $25.92. The company’s market cap is $10.511 billion.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.37. The company had revenue of $914.00 million for the quarter, compared to the consensus estimate of $812.09 million. During the same quarter last year, the company posted $0.55 earnings per share. Electronic Arts’s revenue was down 12.1% compared to the same quarter last year. Analysts expect that Electronic Arts will post $1.52 EPS for the current fiscal year.
Electronic Arts Inc develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.