Electronic Arts (NASDAQ:EA) PT Raised to $132.00 at BMO Capital Markets

Electronic Arts (NASDAQ:EA) had its target price raised by BMO Capital Markets from $110.00 to $132.00 in a report released on Friday morning, The Fly reports. They currently have a market perform rating on the game software company’s stock.

A number of other research analysts have also recently weighed in on the stock. Nomura lifted their price objective on shares of Electronic Arts from $120.00 to $132.00 in a report on Wednesday, May 6th. Cfra upgraded shares of Electronic Arts from a buy rating to a strong-buy rating in a report on Tuesday, March 24th. Zacks Investment Research boosted their price target on shares of Electronic Arts to $120.00 in a report on Tuesday, May 5th. Credit Suisse Group boosted their price target on shares of Electronic Arts from $131.00 to $133.00 and gave the stock an outperform rating in a report on Wednesday, May 6th. Finally, Morgan Stanley boosted their price target on shares of Electronic Arts from $105.00 to $130.00 and gave the stock an equal weight rating in a report on Tuesday, June 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $129.31.

Shares of EA stock opened at $130.69 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.45 and a current ratio of 2.45. The stock has a market capitalization of $37.80 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 4.61 and a beta of 0.91. The company has a 50 day moving average price of $122.37 and a 200 day moving average price of $110.93. Electronic Arts has a fifty-two week low of $85.69 and a fifty-two week high of $133.60.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, May 5th. The game software company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.36. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Electronic Arts had a net margin of 54.88% and a return on equity of 16.79%. On average, research analysts forecast that Electronic Arts will post 3.9 EPS for the current fiscal year.

In related news, insider Vijayanthimala Singh sold 500 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $98.38, for a total value of $49,190.00. Following the completion of the sale, the insider now owns 8,677 shares in the company, valued at approximately $853,643.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CMO Chris Bruzzo sold 1,800 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $98.32, for a total transaction of $176,976.00. Following the completion of the sale, the chief marketing officer now owns 22,326 shares of the company’s stock, valued at approximately $2,195,092.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 220,152 shares of company stock valued at $25,181,682. 0.92% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. D.B. Root & Company LLC raised its position in Electronic Arts by 1.9% during the 1st quarter. D.B. Root & Company LLC now owns 4,945 shares of the game software company’s stock worth $495,000 after buying an additional 90 shares during the last quarter. GHP Investment Advisors Inc. raised its position in Electronic Arts by 5.3% during the 1st quarter. GHP Investment Advisors Inc. now owns 2,000 shares of the game software company’s stock worth $200,000 after buying an additional 100 shares during the last quarter. Midwest Professional Planners LTD. raised its position in Electronic Arts by 5.0% during the 1st quarter. Midwest Professional Planners LTD. now owns 2,460 shares of the game software company’s stock worth $246,000 after buying an additional 118 shares during the last quarter. Probity Advisors Inc. raised its position in Electronic Arts by 3.0% during the 4th quarter. Probity Advisors Inc. now owns 4,715 shares of the game software company’s stock worth $507,000 after buying an additional 136 shares during the last quarter. Finally, Doliver Advisors LP raised its position in Electronic Arts by 0.6% during the 1st quarter. Doliver Advisors LP now owns 22,078 shares of the game software company’s stock worth $2,561,000 after buying an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 87.98% 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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