Electronic Arts Rating Reiterated 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 Friday, American Banking and Market News reports. They currently have a $39.00 target price on the stock, up from their previous target price of $36.00. Longbow Research’s target price points to a potential upside of 15.42% from the stock’s previous close.
In other Electronic Arts news, EVP Gabrielle Toledano sold 45,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $35.50, for a total transaction of $1,597,500.00. Following the transaction, the executive vice president now directly owns 6,492 shares in the company, valued at approximately $230,466. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
EA has been the subject of a number of other recent research reports. Analysts at Needham & Company LLC raised their price target on shares of Electronic Arts from $33.00 to $40.00 in a research note on Monday. They now have a “strong-buy” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Electronic Arts from $32.00 to $41.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at Benchmark Co. raised their price target on shares of Electronic Arts from $30.21 to $40.08 in a research note on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $35.48.
Shares of Electronic Arts (NASDAQ:EA) traded up 2.10% during mid-day trading on Friday, hitting $34.50. The stock had a trading volume of 2,894,656 shares. Electronic Arts has a 1-year low of $20.47 and a 1-year high of $35.65. The stock’s 50-day moving average is $29.48 and its 200-day moving average is $26.40. The company has a market cap of $10.695 billion and a P/E ratio of 1299.62.
Electronic Arts (NASDAQ:EA) last released its earnings data on Tuesday, May 6th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. On average, analysts predict that Electronic Arts will post $1.89 earnings per share 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.
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