Electronic Arts (NASDAQ:EA) PT Set at $107.00 by SunTrust Banks

Electronic Arts (NASDAQ:EA) received a $107.00 price objective from research analysts at SunTrust Banks in a report issued on Monday, April 8th, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the game software company’s stock. SunTrust Banks’ price target suggests a potential upside of 9.35% from the stock’s previous close.

Several other research firms have also issued reports on EA. Bank of America raised shares of Electronic Arts from a “neutral” rating to a “buy” rating and boosted their price target for the company from $95.00 to $110.00 in a research report on Monday, February 11th. Buckingham Research lowered shares of Electronic Arts from a “buy” rating to a “neutral” rating and upped their target price for the stock from $90.00 to $103.00 in a report on Monday, February 11th. Jefferies Financial Group lowered shares of Electronic Arts from a “buy” rating to a “hold” rating and decreased their target price for the stock from $139.00 to $95.00 in a report on Thursday, January 17th. BMO Capital Markets reissued a “buy” rating and issued a $96.00 price target on shares of Electronic Arts in a research note on Thursday, February 7th. Finally, Wedbush reissued a “buy” rating and issued a $111.00 price target (down previously from $133.00) on shares of Electronic Arts in a research note on Wednesday, January 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the stock. Electronic Arts currently has an average rating of “Buy” and a consensus target price of $112.04.

EA traded down $3.98 during midday trading on Monday, hitting $97.85. The company had a trading volume of 3,912,200 shares, compared to its average volume of 7,052,294. The company has a market cap of $30.51 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.19. Electronic Arts has a 52 week low of $73.91 and a 52 week high of $151.26. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.19.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, February 5th. The game software company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.12. Electronic Arts had a net margin of 26.77% and a return on equity of 23.21%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the company earned ($0.60) earnings per share. The firm’s revenue for the quarter was down 18.4% compared to the same quarter last year. On average, research analysts forecast that Electronic Arts will post 3.14 EPS for the current fiscal year.

In related news, CEO Andrew Wilson sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $91.77, for a total value of $825,930.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Leonard S. Coleman, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $100.55, for a total transaction of $1,005,500.00. Following the completion of the transaction, the director now directly owns 27,371 shares in the company, valued at approximately $2,752,154.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,500 shares of company stock worth $8,266,003. Insiders own 2.24% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in EA. Jag Capital Management LLC increased its position in Electronic Arts by 622.3% in the first quarter. Jag Capital Management LLC now owns 148,504 shares of the game software company’s stock worth $15,092,000 after purchasing an additional 127,944 shares during the last quarter. Ropes Wealth Advisors LLC purchased a new position in Electronic Arts during the first quarter worth $34,000. CMH Wealth Management LLC boosted its stake in Electronic Arts by 0.8% during the first quarter. CMH Wealth Management LLC now owns 20,345 shares of the game software company’s stock worth $2,068,000 after buying an additional 155 shares during the period. First Bank & Trust boosted its stake in Electronic Arts by 8.4% during the first quarter. First Bank & Trust now owns 7,095 shares of the game software company’s stock worth $721,000 after buying an additional 549 shares during the period. Finally, W.E. Donoghue & Co. LLC purchased a new stake in shares of Electronic Arts during the first quarter valued at $2,697,000. Hedge funds and other institutional investors own 92.90% 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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