Electronic Arts PT Raised to $41.01 (EA)
Equities researchers at Benchmark Co. upped their price target on shares of Electronic Arts (NASDAQ:EA) from $40.08 to $41.01 in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Benchmark Co.’s price objective points to a potential upside of 15.46% from the stock’s previous close.
Shares of Electronic Arts (NASDAQ:EA) traded up 0.65% on Wednesday, hitting $35.52. 3,201,279 shares of the company’s stock traded hands. Electronic Arts has a 52-week low of $20.47 and a 52-week high of $37.26. The stock has a 50-day moving average of $35.64 and a 200-day moving average of $29.69. The company has a market cap of $11.172 billion and a P/E ratio of 1357.31.
Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, May 6th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue 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.
Several other analysts have also recently commented on the stock. Analysts at Brean Capital raised their price target on shares of Electronic Arts from $38.00 to $40.00 in a research note on Wednesday, June 25th. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Electronic Arts from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 29th. They now have a $42.00 price target on the stock. Finally, analysts at Longbow Research raised their price target on shares of Electronic Arts from $36.00 to $39.00 in a research note on Friday, May 16th. They now have a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $36.35.
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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