Electronic Arts Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:EA)
Shares of Electronic Arts (NASDAQ:EA) have been given an average recommendation of “Buy” by the twenty-two analysts that are currently covering the stock, AnalystRatings.Net reports. Six analysts have rated the stock with a hold recommendation, thirteen have assigned 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 $41.70.
EA has been the subject of a number of recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Electronic Arts in a research note on Monday. They now have a $45.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Electronic Arts from $43.00 to $49.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Electronic Arts from $40.00 to $46.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock.
In other Electronic Arts news, EVP Joel Linzner unloaded 25,000 shares of the stock on the open market in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $37.69, for a total transaction of $942,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Electronic Arts (NASDAQ:EA) traded down 0.45% on Tuesday, hitting $37.67. 395,064 shares of the company’s stock traded hands. Electronic Arts has a 52-week low of $20.47 and a 52-week high of $38.64. The stock has a 50-day moving average of $36.18 and a 200-day moving average of $32.72. The company has a market cap of $11.776 billion and a price-to-earnings ratio of 98.03.
Electronic Arts (NASDAQ:EA) last released its earnings data on Tuesday, July 22nd. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.23. The company had revenue of $775.00 million for the quarter, compared to the consensus estimate of $709.15 million. During the same quarter in the prior year, the company posted ($0.40) earnings per share. The company’s quarterly revenue was up 56.6% on a year-over-year basis. On average, analysts predict that Electronic Arts will post $1.92 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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