Electronic Arts (EA) Price Target Cut to $134.00 by Analysts at Argus

Electronic Arts (NASDAQ:EA) had its price objective decreased by equities researchers at Argus from $155.00 to $134.00 in a research report issued to clients and investors on Friday, November 2nd. The firm currently has a “buy” rating on the game software company’s stock. Argus’ target price would suggest a potential upside of 50.75% from the stock’s current price.

Several other brokerages have also recently weighed in on EA. Stifel Nicolaus lifted their price target on Electronic Arts from $157.00 to $159.00 and gave the company a “$146.56” rating in a research report on Monday, July 23rd. Needham & Company LLC reduced their price target on Electronic Arts from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, August 31st. BidaskClub cut Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Wedbush reiterated a “buy” rating and issued a $158.00 price target on shares of Electronic Arts in a research report on Monday, July 23rd. Finally, SunTrust Banks lifted their price target on Electronic Arts to $155.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $134.68.

Shares of EA traded down $4.98 during mid-day trading on Friday, hitting $88.89. The stock had a trading volume of 7,236,309 shares, compared to its average volume of 6,002,176. The firm has a market cap of $28.34 billion, a PE ratio of 25.84, a PEG ratio of 1.61 and a beta of 0.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.52 and a quick ratio of 3.84. Electronic Arts has a 52 week low of $88.22 and a 52 week high of $151.26.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.46. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Electronic Arts had a return on equity of 26.01% and a net margin of 18.76%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. Sell-side analysts anticipate that Electronic Arts will post 3.87 earnings per share for the current fiscal year.

In other news, CFO Blake J. Jorgensen sold 10,500 shares of the company’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $92.79, for a total value of $974,295.00. Following the completion of the transaction, the chief financial officer now directly owns 104,391 shares in the company, valued at approximately $9,686,440.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $128.00, for a total value of $128,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,750 shares of company stock valued at $12,200,643. 2.24% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Electronic Arts by 31.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,697,249 shares of the game software company’s stock valued at $1,168,422,000 after acquiring an additional 2,339,158 shares during the last quarter. Egerton Capital UK LLP lifted its stake in shares of Electronic Arts by 79.8% in the 2nd quarter. Egerton Capital UK LLP now owns 4,041,717 shares of the game software company’s stock valued at $569,963,000 after acquiring an additional 1,794,024 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its stake in shares of Electronic Arts by 1,315.5% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,187,935 shares of the game software company’s stock valued at $167,521,000 after acquiring an additional 1,104,012 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Electronic Arts by 3,732.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 951,463 shares of the game software company’s stock valued at $4,094,000 after acquiring an additional 926,639 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in shares of Electronic Arts in the 3rd quarter valued at about $66,023,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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