Buckingham Begins Coverage on Electronic Arts Inc. (EA) By Announcing An Initial Rating Of “Buy”

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Electronic Arts Inc. (NASDAQ:EA).

On September 8 analysts at Goldman Sachs released its first research report on the stock giving it an initial rating of “Buy”. On July 26 the company was upgraded from “Neutral” to “Buy” in a statement from Bank of America.

On July 18, 2017 Needham initiated coverage with an initial rating of “Buy”.

The company is up from yesterday’s close of 120.21. Company shares are trading at $121.17 just above the 50 day moving average of $118.23 and significantly above the 200 day moving average of $106.08. The 50 day moving average was up $2.94 and the 200 day average went up $15.09 or +14.23%.

Electronic Arts Inc., launched on May 8, 1991, 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 Business’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. The Company markets and sells its games and services through retail channels and through digital distribution channels..

Electronic Arts Inc. currently has a P/E ratio of 32.44 and market cap is 37.41B. In the last earnings report the EPS was $3.73 and is expected to be $4.24 for the current year with 308,727,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $2.42 and the next full year EPS is anticipated to be $5.07.

Investors are a little more bullish on shares of Electronic Arts Inc. recently as implied by the motion in short interest. The company saw a fall in short interest from August 15, 2017 to August 31, 2017 of -10.51%. Short shares fell from 6,514,978 to 5,830,172 over that period. The short-interest ratio decreased to 3.0 and the percentage of shorted shares is 0.02% as of August 31.