Electronic Arts (NASDAQ:EA) Given Outperform Rating by BMO Capital Markets Analysts

BMO Capital Markets restated their outperform rating on shares of Electronic Arts (NASDAQ:EA) in a report released on Tuesday, Briefing.com Automated Import reports. The brokerage currently has $130.00 price target on the game software company’s stock, up from $116.00.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded Electronic Arts from a hold rating to a buy rating and set a $110.00 target price on the stock in a research report on Tuesday, April 9th. SunTrust Banks set a $107.00 price objective on Electronic Arts and gave the stock a buy rating in a research report on Monday, April 8th. Barclays set a $102.00 price objective on Electronic Arts and gave the stock a buy rating in a research report on Wednesday, May 8th. Needham & Company LLC upped their price objective on Electronic Arts to $120.00 and gave the stock a buy rating in a research report on Wednesday, May 8th. Finally, Benchmark restated a buy rating and issued a $129.00 price objective (up previously from $120.00) on shares of Electronic Arts in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $112.74.

Shares of Electronic Arts stock opened at $98.11 on Tuesday. The company has a market capitalization of $29.10 billion, a P/E ratio of 24.96, a PEG ratio of 1.57 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.82 and a quick ratio of 2.82. The business has a 50-day moving average price of $95.29. Electronic Arts has a one year low of $73.91 and a one year high of $151.26.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, May 7th. The game software company reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.43. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.20 billion. Electronic Arts had a net margin of 20.59% and a return on equity of 22.62%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.31 earnings per share. On average, equities research analysts predict that Electronic Arts will post 3.78 EPS for the current year.

In other news, CEO Andrew Wilson sold 9,000 shares of Electronic Arts stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $92.03, for a total value of $828,270.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matthew Bilbey sold 600 shares of Electronic Arts stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $102.65, for a total value of $61,590.00. Following the completion of the transaction, the executive vice president now owns 10,773 shares of the company’s stock, valued at approximately $1,105,848.45. The disclosure for this sale can be found here. Insiders have sold a total of 97,344 shares of company stock valued at $9,529,530 over the last 90 days. 2.18% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in EA. Fulton Bank N.A. increased its position in Electronic Arts by 17.7% during the second quarter. Fulton Bank N.A. now owns 12,962 shares of the game software company’s stock worth $1,313,000 after buying an additional 1,946 shares during the period. Boothe Investment Group Inc. acquired a new position in shares of Electronic Arts in the second quarter valued at approximately $3,445,000. WT Asset Management Ltd acquired a new position in shares of Electronic Arts in the first quarter valued at approximately $19,529,000. Weaver Consulting Group acquired a new position in shares of Electronic Arts in the first quarter valued at approximately $43,000. Finally, FMR LLC increased its holdings in shares of Electronic Arts by 10.8% in the first quarter. FMR LLC now owns 16,439,841 shares of the game software company’s stock valued at $1,670,780,000 after purchasing an additional 1,598,653 shares during the period. Institutional investors and hedge funds own 93.64% 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.

Further Reading: What are different types of coverage ratios?

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.