Electronic Arts Inc. (EA) Given Consensus Rating of “Buy” by Brokerages
Shares of Electronic Arts Inc. (NASDAQ:EA) have been given a consensus recommendation of “Buy” by the twenty-nine ratings firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $122.85.
A number of analysts have recently weighed in on the company. Jefferies Group LLC reissued a “buy” rating and set a $135.00 price objective on shares of Electronic Arts in a research note on Thursday, August 31st. BidaskClub raised Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Benchmark Co. increased their price objective on Electronic Arts from $136.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Buckingham Research assumed coverage on Electronic Arts in a research note on Wednesday, September 20th. They set a “buy” rating and a $143.00 price objective for the company. Finally, Wedbush set a $136.00 price objective on Electronic Arts and gave the company a “buy” rating in a research note on Wednesday, November 1st.
In related news, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $120.77, for a total value of $120,770.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence F. Probst III sold 55,850 shares of Electronic Arts stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $121.18, for a total value of $6,767,903.00. Following the completion of the sale, the director now owns 171,123 shares of the company’s stock, valued at $20,736,685.14. The disclosure for this sale can be found here. Insiders have sold 122,524 shares of company stock valued at $14,538,985 over the last 90 days. Corporate insiders own 2.55% of the company’s stock.
Shares of Electronic Arts (NASDAQ EA) traded down $2.78 on Monday, reaching $108.82. The company’s stock had a trading volume of 8,556,300 shares, compared to its average volume of 2,877,912. The stock has a market capitalization of $33,508.45, a price-to-earnings ratio of 27.97, a P/E/G ratio of 1.78 and a beta of 0.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.38 and a current ratio of 2.38. Electronic Arts has a 1-year low of $73.74 and a 1-year high of $122.79.
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Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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