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Analyst Actions: Electronic
Arts Upgraded to Buy Rating at UBS; Shares Rise 1% in Pre
Market
08:12 AM EDT, 07/07/2015 (MT Newswires) -- Electronic Arts(EA) ,
a game software content provider, has been upgraded by analysts at
UBS to a buy rating from neutral by analysts at UBS. Price target
information was not available.
In Tuesday's pre-market activity, shares of EA were up 1.46% to
$69, moving within a 52-week trading range of $31.77 - $68.48.
Price: 69.00, Change: +0.99, Percent Change: +1.46
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UBS raised EA PT from $65 to $80, and raised 2016 eps est from
$2.84 to $3.01. So, their eps est is up by 6% and their PT is up by
23%. That's doing a favor for the EA execs.
UBS analyst Eric Sheridan noted that EA's management
delivered a series of top- and bottom-line surprises over the past
several quarters as a result of strong performance of certain
titles, higher gross margins from digital sales driven by
free-to-play and mobile games, and cost efficiencies.
Sheridan wrote, "Despite the rise in EA shares during this
time, we see continued runway for outperformance given: a) expected
FY16 title slate strength (Star Wars: Battlefront in
particular); b) continued mix shift towards digital sales; c)
mobile gaming traction (now over 165mm mobile MAUs, contributing
over 12% of trailing 12- month non-GAAP revenue); d) continued
focus on cost discipline; & e) possibility for a recap using
improved FCF to support greater debt to repurchase shares."
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Author:
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Jester
Debunker
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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07/07/15 at 9:28 AM CDT
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That's rich! That would yield a PE of 26.6
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Author:
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LongTerm
CapGains
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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07/07/15 at 11:11 AM CDT
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