Electronic Arts Rating Increased to Buy at Hilliard Lyons (EA)

By admin | 6 years ago

Electronic Arts (NYSE: EA) was upgraded by equities research analysts at Hilliard Lyons from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $20.00 price target on the stock.

A number of other analysts have also recently weighed in on EA. Analysts at Stifel Nicolaus cut their price target on shares of Electronic Arts to $15.00 in a research note to investors on Tuesday, May 8th. Separately, analysts at Piper Jaffray (NYSE: PJC) cut their price target on shares of Electronic Arts from $26.00 to $19.00 in a research note to investors on Tuesday, May 8th. Finally, analysts at Bank of America (NYSE: BAC) cut their price target on shares of Electronic Arts from $22.00 to $19.00 in a research note to investors on Tuesday, May 8th.

Electronic Arts traded up 1.33% on Tuesday, hitting $14.50. Electronic Arts has a 1-year low of $13.83 and a 1-year high of $26.13. The company has a market cap of $4.771 billion and a price-to-earnings ratio of 62.22.

Electronic Arts last released its earnings data on Monday, May 7th. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.01. Electronic Arts’s revenue was down 1.8% compared to the same quarter last year. Analysts expect that Electronic Arts will post $0.15 EPS next quarter.

Electronic Arts Inc. develops, markets, publishes and distributes game software and content that can be played by consumers on a variety of video game machines and electronic devices (platforms), including video game consoles, such as the Sony PLAYSTATION 3, Microsoft Xbox 360 and Nintendo Wii; personal computers, including the Apple Macintosh (the Company refers to personal computers and the Macintosh together as PCs); mobile phones, such as the Apple iPhone, Google Android compatible phones, and feature phones; tablets and electronic readers, such as the Apple iPad and the Amazon Kindle, and the Internet, including on social networking sites, such as Facebook, and Handheld game players, such as the Sony PlayStation Portable (PSP) and Nintendo DS and 3DS.

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