Thomson Reuters/Verus upgraded shares of Electronic Arts (NYSE:EA) from a hold rating to a buy rating in a research note released on Monday morning, American Banking & Market News reports.
Electronic Arts (NYSE:EA) traded up 0.27% on Monday, hitting $21.96. 706,644 shares of the company’s stock traded hands. Electronic Arts has a 52-week low of $13.29 and a 52-week high of $28.13. The stock’s 50-day moving average is $24.52 and its 200-day moving average is $24.79. The company has a market cap of $6.788 billion and a P/E ratio of 29.80.
Electronic Arts (NYSE:EA) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.21. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $977.75 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, analysts predict that Electronic Arts will post $1.29 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on EA. Analysts at Zacks reiterated a neutral rating on shares of Electronic Arts in a research note to investors on Friday, November 15th. They now have a $27.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Electronic Arts to a hold rating in a research note to investors on Thursday, October 31st. Finally, analysts at Jefferies Group raised their price target on shares of Electronic Arts from $21.50 to $22.00 in a research note to investors on Wednesday, October 30th. They now have a buy rating on the stock. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $24.04.
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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