Share on StockTwits

Shares of Electronic Arts (NASDAQ:EA) have been given a consensus rating of “Buy” by the twenty-three ratings firms that are covering the company, reports. Six research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $36.35.

Several analysts have recently commented on the stock. Analysts at Benchmark Co. raised their price target on shares of Electronic Arts from $40.08 to $41.01 in a research note on Wednesday, July 9th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.

Shares of Electronic Arts (NASDAQ:EA) opened at 36.49 on Tuesday. Electronic Arts has a 52 week low of $20.47 and a 52 week high of $37.26. The stock’s 50-day moving average is $35.81 and its 200-day moving average is $29.96. The company has a market cap of $11.478 billion and a P/E ratio of 1405.77. Electronic Arts also was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totalling 12,232,388 shares, a decline of 20.4% from the June 13th total of 15,372,217 shares. Based on an average daily trading volume, of 3,895,755 shares, the days-to-cover ratio is currently 3.1 days. Approximately 4.1% of the company’s stock are short sold.

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. 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.

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.