Research Analysts’ Weekly Ratings Changes for Electronic Arts (EA)

Electronic Arts (NASDAQ: EA) recently received a number of ratings updates from brokerages and research firms:

  • 1/8/2018 – Electronic Arts was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $97.00 price target on the stock, down previously from $112.39. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/4/2018 – Electronic Arts was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $104.10 price target on the stock.
  • 1/2/2018 – Electronic Arts was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Electronic Arts' performance is driven by continuous increase in digital sales and strength in franchises like Battlefield, Star Wars, and EA Sports titles like FIFA & Madden. EA has been the primary beneficiary of the ongoing shift from physical to digital versions of video games. The company expects the digital business to continue to grow in fiscal 2018 and beyond, primarily on the back of a strong mobile business. Moreover, growing revenues from live services has emerged as a big growth catalyst for EA. However, the hit driven and competitive nature of video game industry begets caution. Shares have underperformed the industry over the past one year.”
  • 1/2/2018 – Electronic Arts had its “buy” rating reaffirmed by analysts at Wedbush.
  • 1/1/2018 – Electronic Arts was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $112.73 price target on the stock.
  • 12/21/2017 – Electronic Arts had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $104.00 price target on the stock.
  • 12/18/2017 – Electronic Arts is now covered by analysts at BTIG Research. They set a “neutral” rating on the stock.
  • 12/18/2017 – Electronic Arts was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $121.82 price target on the stock.
  • 12/12/2017 – Electronic Arts was downgraded by analysts at Goldman Sachs Group Inc from a “conviction-buy” rating to a “buy” rating.
  • 11/29/2017 – Electronic Arts was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $121.82 price target on the stock.
  • 11/19/2017 – Electronic Arts had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $134.00 price target on the stock.
  • 11/19/2017 – Electronic Arts was given a new $143.00 price target on by analysts at Buckingham Research. They now have a “buy” rating on the stock.
  • 11/17/2017 – Electronic Arts had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc..

Shares of Electronic Arts Inc. (NASDAQ EA) traded up $5.20 on Monday, hitting $112.39. 5,962,900 shares of the stock traded hands, compared to its average volume of 4,387,600. The company has a market capitalization of $35,100.00, a price-to-earnings ratio of 29.65, a PEG ratio of 1.85 and a beta of 0.61. Electronic Arts Inc. has a 52 week low of $77.94 and a 52 week high of $122.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38.

In related news, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $113.60, for a total value of $113,600.00. Following the transaction, the senior vice president now directly owns 20,950 shares in the company, valued at $2,379,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Wilson sold 10,058 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $105.76, for a total transaction of $1,063,734.08. The disclosure for this sale can be found here. Insiders sold 57,016 shares of company stock worth $6,172,470 over the last three months. Insiders own 2.55% of the company’s stock.

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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