why Electronic Arts Inc. [EA] is a Good Choice for Investors After New Price Target of $162.87

Electronic Arts Inc. [NASDAQ: EA] closed the trading session at $145.66 on 06/10/21. The day’s price range saw the stock hit a low of $142.31, while the highest price level was $146.402. The company report on June 11, 2021 that Kofi A. Bruce Nominated to the Electronic Arts Board of Directors.

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Electronic Arts Inc. (NASDAQ: EA), a worldwide leader in interactive entertainment, announced that Mr. Kofi A. Bruce will be nominated to EA’s Board of Directors at EA’s 2021 annual stockholders meeting. Mr. Bruce is expected to be appointed to EA’s Audit Committee.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210610005883/en/.

The stocks have a year to date performance of 1.43 percent and weekly performance of 2.58 percent. The stock has been moved at 10.22 percent over the last six months. The stock has performed 3.04 percent around the most recent 30 days and changed 10.90 percent over the most recent 3-months.

If compared to the average trading volume of 2.20M shares, EA reached to a volume of 3277102 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Electronic Arts Inc. [EA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EA shares is $162.87 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EA stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for Electronic Arts Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 23, 2021. While these analysts kept the previous recommendation, The Benchmark Company raised their target price from $171 to $177. The new note on the price target was released on February 09, 2021, representing the official price target for Electronic Arts Inc. stock. Previously, the target price had yet another raise to $155, while Atlantic Equities analysts kept a Neutral rating on EA stock. On February 02, 2021, analysts increased their price target for EA shares from 163 to 171.

The Average True Range (ATR) for Electronic Arts Inc. is set at 2.86, with the Price to Sales ratio for EA stock in the period of the last 12 months amounting to 7.24. The Price to Book ratio for the last quarter was 5.37, with the Price to Cash per share for the same quarter was set at 22.75. Price to Free Cash Flow for EA in the course of the last twelve months was 23.15 with Quick ratio for the last quarter at 2.40.

EA stock trade performance evaluation

Electronic Arts Inc. [EA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.58. With this latest performance, EA shares gained by 3.04% in over the last four-week period, additionally plugging by 10.22% over the last 6 months – not to mention a rise of 16.71% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EA stock in for the last two-week period is set at 60.69, with the RSI for the last a single of trading hit 64.24, and the three-weeks RSI is set at 58.34 for Electronic Arts Inc. [EA]. The present Moving Average for the last 50 days of trading for this stock 141.61, while it was recorded at 145.58 for the last single week of trading, and 135.38 for the last 200 days.

Electronic Arts Inc. [EA]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Electronic Arts Inc. [EA] shares currently have an operating margin of +19.10 and a Gross Margin at +73.07. Electronic Arts Inc.’s Net Margin is presently recorded at +14.79.

Return on Total Capital for EA is now 11.58, given the latest momentum, and Return on Invested Capital for the company is 9.34. Return on Equity for this stock inclined to 10.94, with Return on Assets sitting at 6.86. When it comes to the capital structure of this company, Electronic Arts Inc. [EA] has a Total Debt to Total Equity ratio set at 27.47. Additionally, EA Total Debt to Total Capital is recorded at 21.55, with Total Debt to Total Assets ending up at 16.21. Long-Term Debt to Equity for the company is recorded at 26.51, with the Long-Term Debt to Total Capital now at 20.79.

Reflecting on the efficiency of the workforce at the company, Electronic Arts Inc. [EA] managed to generate an average of $76,091 per employee. Receivables Turnover for the company is 11.53 with a Total Asset Turnover recorded at a value of 0.46.Electronic Arts Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.40.

Earnings per share (EPS) analysis for Electronic Arts Inc. [EA] stock

With the latest financial reports released by the company, Electronic Arts Inc. posted 1.42/share EPS, while the average EPS was predicted by analysts to be reported at 0.79/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 79.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Electronic Arts Inc. go to 15.51%.

Electronic Arts Inc. [EA]: Insider Ownership positions

There are presently around $37,609 million, or 94.30% of EA stock, in the hands of institutional investors. The top three institutional holders of EA stocks are: BLACKROCK INC. with ownership of 23,793,414, which is approximately 3.479% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 22,162,337 shares of the stock with an approximate value of $3.23 billion in EA stocks shares; and PUBLIC INVESTMENT FUND, currently with $2.07 billion in EA stock with ownership of nearly 91.505% of the company’s market capitalization.

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Positions in Electronic Arts Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 471 institutional holders increased their position in Electronic Arts Inc. [NASDAQ:EA] by around 22,232,665 shares. Additionally, 463 investors decreased positions by around 28,820,624 shares, while 133 investors held positions by with 207,141,511 shares. The mentioned changes placed institutional holdings at 258,194,800 shares, according to the latest SEC report filing. EA stock had 106 new institutional investments in for a total of 3,374,966 shares, while 112 institutional investors sold positions of 3,243,332 shares during the same period.

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