Sony Corporation (NYSE:SONY) Receives Average Rating of “Moderate Buy” from Analysts

Sony Corporation (NYSE:SONY) has been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $30.00.

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Sony to a “hold” rating in a report on Saturday, December 6th. Zacks Research lowered shares of Sony from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Nomura upgraded shares of Sony from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 19th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $30.00 price target (down from $33.00) on shares of Sony in a report on Wednesday, January 14th. Finally, Weiss Ratings lowered Sony from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th.

Institutional Investors Weigh In On Sony

A number of hedge funds and other institutional investors have recently modified their holdings of SONY. HighPoint Advisor Group LLC grew its position in Sony by 2.8% in the 3rd quarter. HighPoint Advisor Group LLC now owns 13,670 shares of the company’s stock valued at $394,000 after buying an additional 367 shares in the last quarter. West Family Investments Inc. increased its stake in shares of Sony by 1.1% during the third quarter. West Family Investments Inc. now owns 34,228 shares of the company’s stock valued at $985,000 after acquiring an additional 385 shares during the period. Checchi Capital Advisers LLC raised its holdings in Sony by 1.3% during the third quarter. Checchi Capital Advisers LLC now owns 30,408 shares of the company’s stock worth $875,000 after purchasing an additional 391 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its position in Sony by 3.6% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 11,655 shares of the company’s stock worth $298,000 after purchasing an additional 409 shares during the period. Finally, Glenmede Investment Management LP boosted its stake in Sony by 1.0% during the 3rd quarter. Glenmede Investment Management LP now owns 42,478 shares of the company’s stock valued at $1,223,000 after purchasing an additional 416 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Trading Down 2.6%

Shares of NYSE SONY opened at $22.47 on Monday. Sony has a 12-month low of $20.42 and a 12-month high of $30.34. The company has a market cap of $135.89 billion, a price-to-earnings ratio of -112.11, a price-to-earnings-growth ratio of 8.19 and a beta of 0.94. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10. The stock’s 50 day simple moving average is $23.64 and its 200 day simple moving average is $26.76.

Sony Company Profile

Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.