Shares of Sony Corp (NYSE:SNE) have been assigned an average rating of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $48.19.
Several research analysts recently commented on the stock. ValuEngine raised shares of Sony from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. JPMorgan Chase & Co. downgraded shares of Sony from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Zacks Investment Research raised shares of Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a research note on Tuesday, January 2nd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $59.84 target price on shares of Sony in a research note on Friday, November 17th.
Shares of Sony (NYSE SNE) traded down $1.26 on Tuesday, hitting $47.01. 523,468 shares of the stock were exchanged, compared to its average volume of 1,399,394. The company has a market cap of $58,670.00, a price-to-earnings ratio of 12.35 and a beta of 1.55. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. Sony has a 1 year low of $30.70 and a 1 year high of $53.91.
Sony (NYSE:SNE) last announced its quarterly earnings data on Friday, February 2nd. The company reported $1.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.74. The firm had revenue of $2,672.32 billion during the quarter, compared to analyst estimates of $2,560.40 billion. Sony had a net margin of 6.29% and a return on equity of 15.00%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $15.55 EPS. equities research analysts forecast that Sony will post 3.3 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of SNE. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Sony in the fourth quarter worth $88,068,000. Ameriprise Financial Inc. increased its position in Sony by 256.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,018,618 shares of the company’s stock valued at $37,772,000 after purchasing an additional 732,847 shares during the period. Bank of New York Mellon Corp increased its position in Sony by 68.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,379,352 shares of the company’s stock valued at $51,505,000 after purchasing an additional 562,627 shares during the period. Russell Investments Group Ltd. purchased a new position in Sony during the 3rd quarter valued at $16,993,000. Finally, Jag Capital Management LLC purchased a new position in Sony during the 4th quarter valued at $11,390,000. 6.95% of the stock is currently owned by institutional investors.
Sony Company Profile
Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Semiconductors, Component, Films, Music, Financial Services and All Other.
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