Electronic Arts (EA) PT Set at $105.00 by SunTrust Banks

SunTrust Banks set a $105.00 target price on Electronic Arts (NASDAQ:EA) in a report issued on Tuesday morning. The brokerage currently has a buy rating on the game software company’s stock. SunTrust Banks also issued estimates for Electronic Arts’ Q3 2019 earnings at $1.84 EPS, Q4 2019 earnings at $1.41 EPS and FY2019 earnings at $3.92 EPS.

A number of other equities analysts have also weighed in on EA. ValuEngine lowered Electronic Arts from a hold rating to a sell rating in a research report on Thursday, November 1st. Zacks Investment Research lowered Electronic Arts from a hold rating to a sell rating in a research report on Wednesday, September 26th. Barclays lowered their target price on Electronic Arts from $132.00 to $128.00 and set a buy rating on the stock in a research report on Wednesday, October 31st. Wedbush set a $158.00 target price on Electronic Arts and gave the stock a buy rating in a research report on Tuesday, October 23rd. Finally, Berenberg Bank started coverage on Electronic Arts in a research report on Friday, October 5th. They set a buy rating and a $145.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $131.36.

Shares of EA opened at $90.70 on Tuesday. 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 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $26.86 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 1.53 and a beta of 1.00.



Electronic Arts (NASDAQ:EA) last issued its quarterly 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. Electronic Arts had a return on equity of 26.01% and a net margin of 18.76%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. Equities analysts predict that Electronic Arts will post 3.87 earnings per share for the current year.

In other Electronic Arts news, General Counsel Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Monday, October 22nd. The stock was sold at an average price of $102.81, for a total value of $102,810.00. Following the completion of the transaction, the general counsel now owns 17,029 shares in the company, valued at approximately $1,750,751.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura Miele sold 1,250 shares of the company’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $93.83, for a total value of $117,287.50. Following the completion of the transaction, the insider now owns 10,961 shares of the company’s stock, valued at approximately $1,028,470.63. The disclosure for this sale can be found here. Insiders sold a total of 51,700 shares of company stock valued at $4,525,011 over the last three months. 2.24% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in Electronic Arts by 0.5% in the 3rd quarter. BlackRock Inc. now owns 22,521,875 shares of the game software company’s stock valued at $2,713,662,000 after purchasing an additional 111,709 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Electronic Arts by 31.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,697,249 shares of the game software company’s stock worth $1,168,422,000 after acquiring an additional 2,339,158 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Electronic Arts by 3.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,061,892 shares of the game software company’s stock worth $489,417,000 after acquiring an additional 145,570 shares during the period. Brown Advisory Inc. grew its stake in shares of Electronic Arts by 25.4% during the 3rd quarter. Brown Advisory Inc. now owns 3,666,061 shares of the game software company’s stock worth $441,724,000 after acquiring an additional 742,742 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Electronic Arts by 1.0% during the 3rd quarter. American Century Companies Inc. now owns 2,936,888 shares of the game software company’s stock worth $353,866,000 after acquiring an additional 28,127 shares during the period. Hedge funds and other institutional investors own 94.78% 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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