Electronic Arts (NASDAQ:EA) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday, MarketBeat reports. The firm presently has a $97.00 target price on the game software company’s stock, down from their previous target price of $112.39. BMO Capital Markets’ price objective would suggest a potential downside of 13.53% from the stock’s current price. The analysts noted that the move was a valuation call.
EA has been the topic of several other reports. Vetr cut Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price target on the stock. in a report on Monday, December 18th. Buckingham Research set a $143.00 price target on Electronic Arts and gave the company a “buy” rating in a report on Sunday, November 19th. Zacks Investment Research cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Needham & Company LLC reissued a “buy” rating and set a $130.00 price target on shares of Electronic Arts in a report on Friday, October 13th. Finally, Morgan Stanley reissued an “overweight” rating and set a $128.00 price target (up from $126.00) on shares of Electronic Arts in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $122.37.
Shares of Electronic Arts (NASDAQ EA) traded down $1.04 on Monday, reaching $112.18. The company’s stock had a trading volume of 4,111,700 shares, compared to its average volume of 4,373,517. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. Electronic Arts has a 1-year low of $77.94 and a 1-year high of $122.79. The stock has a market cap of $34,460.00, a P/E ratio of 29.60, a price-to-earnings-growth ratio of 1.85 and a beta of 0.61.
A number of large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its position in shares of Electronic Arts by 310.8% during 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. grew its position in shares of Electronic Arts by 144.5% during 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 purchased a new position in shares of Electronic Arts during the third quarter valued at about $183,000. Captrust Financial Advisors purchased a new position in shares of Electronic Arts during the second quarter valued at about $195,000. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Electronic Arts during the third quarter valued at about $202,000. 93.51% of the stock is currently owned by institutional investors and hedge funds.
About Electronic Arts
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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