Shares of Electronic Arts Inc. (NASDAQ:EA) have been assigned a consensus rating of “Buy” from the thirty research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and twenty-four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $120.52.
Several equities research analysts have recently commented on EA shares. Goldman Sachs Group cut Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. BMO Capital Markets lowered their target price on Electronic Arts from $100.00 to $97.00 and set a “market perform” rating for the company in a research note on Thursday, November 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $128.00 target price on shares of Electronic Arts in a research note on Thursday, October 12th. KeyCorp reissued a “buy” rating and issued a $134.00 target price on shares of Electronic Arts in a research note on Sunday, November 19th. Finally, Buckingham Research set a $143.00 target price on Electronic Arts and gave the company a “buy” rating in a research note on Sunday, November 19th.
Electronic Arts (NASDAQ:EA) traded down $1.04 during mid-day trading on Tuesday, reaching $112.18. The company had a trading volume of 4,111,726 shares, compared to its average volume of 4,371,467. Electronic Arts has a 12-month low of $77.94 and a 12-month high of $122.79. The firm has a market cap of $34,630.00, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.85 and a beta of 0.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38.
Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its holdings in shares of Electronic Arts by 310.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after purchasing an additional 1,063 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Electronic Arts by 144.5% in the third quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock valued at $157,000 after purchasing an additional 783 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Electronic Arts in the third quarter valued at about $183,000. Captrust Financial Advisors bought a new stake in shares of Electronic Arts in the second quarter valued at about $195,000. Finally, GHP Investment Advisors Inc. bought a new stake in shares of Electronic Arts in the third quarter valued at about $202,000. Hedge funds and other institutional investors own 93.51% of the company’s stock.
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Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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