Electronic Arts (NASDAQ:EA) has been assigned a $130.00 target price by investment analysts at SunTrust Banks in a report issued on Friday. The brokerage currently has a “buy” rating on the game software company’s stock. SunTrust Banks’ price target indicates a potential upside of 14.91% from the stock’s current price. SunTrust Banks also issued estimates for Electronic Arts’ FY2018 earnings at $3.62 EPS.
Several other analysts have also weighed in on EA. BMO Capital Markets upgraded Electronic Arts from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $112.39 to $97.00 in a report on Monday, January 8th. They noted that the move was a valuation call. Vetr upgraded Electronic Arts from a “sell” rating to a “hold” rating and set a $104.10 price objective for the company in a report on Thursday, January 4th. Morgan Stanley restated an “overweight” rating and issued a $128.00 price objective (up previously from $126.00) on shares of Electronic Arts in a report on Monday, October 2nd. Barclays started coverage on Electronic Arts in a research report on Wednesday, October 4th. They set an “overweight” rating and a $129.00 target price on the stock. Finally, Wedbush reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company. Electronic Arts has a consensus rating of “Buy” and an average target price of $122.26.
Shares of Electronic Arts (EA) traded up $1.13 during trading on Friday, hitting $113.13. The stock had a trading volume of 3,467,371 shares, compared to its average volume of 2,986,702. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.38 and a current ratio of 2.38. The firm has a market capitalization of $34,835.55, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 1.86 and a beta of 0.61. Electronic Arts has a twelve month low of $78.89 and a twelve month high of $122.79.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Veritable L.P. boosted its stake in shares of Electronic Arts by 1.5% during the 2nd quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock worth $787,000 after acquiring an additional 113 shares in the last quarter. Eaton Vance Management boosted its stake in shares of Electronic Arts by 0.6% during the 2nd quarter. Eaton Vance Management now owns 55,013 shares of the game software company’s stock worth $5,816,000 after acquiring an additional 345 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Electronic Arts by 3.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 11,690 shares of the game software company’s stock worth $1,236,000 after acquiring an additional 390 shares in the last quarter. Independent Advisor Alliance boosted its stake in shares of Electronic Arts by 11.0% during the 3rd quarter. Independent Advisor Alliance now owns 4,573 shares of the game software company’s stock worth $542,000 after acquiring an additional 452 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Electronic Arts by 1.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 32,967 shares of the game software company’s stock worth $3,892,000 after acquiring an additional 478 shares in the last quarter. Institutional investors own 93.51% of the company’s stock.
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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.
