Investment analysts at UBS AG increased their price objective on shares of Electronic Arts (NASDAQ:EA) from $26.00 to $35.00 in a note issued to investors on Friday, Stock Ratings Network reports. UBS AG’s price objective indicates a potential downside of 0.88% from the company’s current price.
Shares of Electronic Arts (NASDAQ:EA) traded up 0.31% during mid-day trading on Friday, hitting $35.42. The stock had a trading volume of 2,849,298 shares. Electronic Arts has a 52-week low of $20.47 and a 52-week high of $35.46. The stock has a 50-day moving average of $29.02 and a 200-day moving average of $26.20. The company has a market cap of $10.980 billion and a P/E ratio of 1358.08.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.37. The company had revenue of $914.00 million for the quarter, compared to the consensus estimate of $812.09 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was down 12.1% on a year-over-year basis. Analysts expect that Electronic Arts will post $1.88 EPS for the current fiscal year.
EA has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of Electronic Arts from $25.00 to $31.00 in a research note on Friday. Separately, analysts at TheStreet upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Thursday, May 8th. Finally, analysts at Longbow Research reiterated a “buy” rating on shares of Electronic Arts in a research note on Wednesday, May 7th. They now have a $36.00 price target on the stock, up previously from $34.00. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $35.28.
In other Electronic Arts news, EVP Patrick Soderlund sold 36,133 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $34.54, for a total transaction of $1,248,033.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Electronic Arts Inc develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices.
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