SunTrust Banks Analysts Give Electronic Arts (EA) a $130.00 Price Target

SunTrust Banks set a $130.00 target price on Electronic Arts (NASDAQ:EA) in a research note issued to investors on Friday morning. The brokerage currently has a buy rating on the game software company’s stock. SunTrust Banks also issued estimates for Electronic Arts’ FY2018 earnings at $3.62 EPS.

Several other brokerages have also issued reports on EA. Zacks Investment Research raised shares of Electronic Arts from a hold rating to a buy rating and set a $130.00 price target on the stock in a report on Friday, October 27th. Wedbush reaffirmed a buy rating on shares of Electronic Arts in a report on Tuesday, January 2nd. Goldman Sachs Group lowered shares of Electronic Arts from a conviction-buy rating to a buy rating in a report on Tuesday, December 12th. Barclays initiated coverage on shares of Electronic Arts in a report on Wednesday, October 4th. They set an overweight rating and a $129.00 price target on the stock. Finally, Buckingham Research initiated coverage on shares of Electronic Arts in a report on Wednesday, September 20th. They set a buy rating and a $143.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $122.26.

Electronic Arts (NASDAQ:EA) opened at $113.13 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.23. Electronic Arts has a 1-year low of $78.89 and a 1-year high of $122.79. The company has a market cap of $34,930.00, a PE ratio of 29.85, a price-to-earnings-growth ratio of 1.86 and a beta of 0.61.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, October 31st. The game software company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.40 by $0.10. Electronic Arts had a net margin of 23.35% and a return on equity of 28.92%. equities research analysts predict that Electronic Arts will post 3.69 earnings per share for the current year.

In other news, CFO Blake J. Jorgensen sold 10,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $112.85, for a total value of $1,184,925.00. Following the transaction, the chief financial officer now owns 159,114 shares in the company, valued at approximately $17,956,014.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Blake J. Jorgensen sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $100.27, for a total transaction of $1,002,700.00. Following the completion of the transaction, the chief financial officer now owns 169,614 shares in the company, valued at approximately $17,007,195.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,516 shares of company stock worth $7,357,395. 2.55% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in EA. Tower Research Capital LLC TRC increased its stake in Electronic Arts by 310.8% during the 2nd 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. increased its stake in Electronic Arts by 144.5% during the 3rd 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 Electronic Arts during the 3rd quarter valued at $183,000. Captrust Financial Advisors bought a new stake in Electronic Arts during the 2nd quarter valued at $195,000. Finally, GHP Investment Advisors Inc. bought a new stake in Electronic Arts during the 3rd quarter valued at $202,000. Institutional investors own 93.53% 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.

Analyst Recommendations for Electronic Arts (NASDAQ:EA)

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