Electronic Arts (EA) Price Target Cut to $128.00

Electronic Arts (NASDAQ:EA) had its target price decreased by equities researchers at Barclays from $132.00 to $128.00 in a research note issued on Wednesday. The firm currently has a “buy” rating on the game software company’s stock. Barclays’ target price points to a potential upside of 40.69% from the stock’s current price.

EA has been the subject of several other reports. Zacks Investment Research lowered shares of Electronic Arts from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Credit Suisse Group increased their target price on shares of Electronic Arts from $143.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, July 25th. BidaskClub lowered shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 25th. Wedbush reissued a “buy” rating and set a $158.00 target price on shares of Electronic Arts in a research note on Monday, July 23rd. Finally, Piper Jaffray Companies increased their target price on shares of Electronic Arts to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, July 25th. Three equities 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 issued a strong buy rating to the company. Electronic Arts has an average rating of “Buy” and a consensus price target of $135.96.

Shares of NASDAQ:EA opened at $90.98 on Wednesday. The company has a market capitalization of $28.91 billion, a PE ratio of 26.45, a P/E/G ratio of 1.64 and a beta of 0.58. Electronic Arts has a twelve month low of $89.12 and a twelve month high of $151.26. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.19.



Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, October 30th. The game software company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.37 by $0.46. Electronic Arts had a net margin of 18.76% and a return on equity of 26.95%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the business earned $0.62 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. Equities analysts forecast that Electronic Arts will post 3.87 earnings per share for the current year.

In other Electronic Arts news, Director Lawrence F. Probst III sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $111.34, for a total value of $278,350.00. Following the transaction, the director now owns 112,338 shares in the company, valued at approximately $12,507,712.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $128.00, for a total transaction of $128,000.00. The disclosure for this sale can be found here. Insiders have sold 99,500 shares of company stock worth $11,628,780 in the last 90 days. 2.24% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in EA. Kaizen Advisory LLC increased its stake in Electronic Arts by 159.5% in the 2nd quarter. Kaizen Advisory LLC now owns 763 shares of the game software company’s stock valued at $108,000 after buying an additional 469 shares during the period. Alpha Windward LLC acquired a new position in Electronic Arts in the 2nd quarter valued at approximately $113,000. Sun Life Financial INC increased its stake in Electronic Arts by 389.4% in the 2nd quarter. Sun Life Financial INC now owns 832 shares of the game software company’s stock valued at $117,000 after buying an additional 662 shares during the period. Massey Quick Simon & CO. LLC increased its stake in Electronic Arts by 165.4% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,083 shares of the game software company’s stock valued at $130,000 after buying an additional 675 shares during the period. Finally, Bray Capital Advisors acquired a new position in shares of Electronic Arts during the 3rd quarter worth $157,000. Hedge funds and other institutional investors own 93.41% of the company’s stock.

About Electronic Arts

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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