Electronic Arts (NYSE: EA) was upgraded by equities research analysts at Longbow Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on EA. Analysts at Hilliard Lyons reiterated a “neutral” rating on shares of Electronic Arts in a research note to investors on Wednesday. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of Electronic Arts in a research note to investors on Tuesday. Finally, analysts at MKM Partners raised their price target on shares of Electronic Arts from $15.00 to $20.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock.
One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $18.80.
Electronic Arts (NYSE: EA) opened at 17.34 on Thursday. Electronic Arts has a 52-week low of $10.77 and a 52-week high of $19.51. The stock’s 50-day moving average is currently $17.66. The company has a market cap of $5.203 billion and a price-to-earnings ratio of 31.70.
Electronic Arts (NYSE: EA) last released its earnings data on Wednesday, January 30th. The company reported $0.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.01. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was down 28.4% on a year-over-year basis. Electronic Arts has set its Q4 guidance at $0.57-0.72 EPS and its FY13 guidance at $0.86-1.00 EPS. Analysts expect that Electronic Arts will post $0.91 EPS for the current fiscal year.
Electronic Arts Inc. develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices (NYSE: EA).
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