Sony Corp (NYSE:SNE) has been given a consensus recommendation of “Buy” by the eleven research firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $48.19.
A number of research firms have recently issued reports on SNE. ValuEngine upgraded shares of Sony from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. JPMorgan Chase & Co. cut shares of Sony from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research note on Tuesday, January 2nd. Finally, Jefferies Group restated a “buy” rating and issued a $59.84 price objective on shares of Sony in a research note on Friday, November 17th.
Several institutional investors have recently modified their holdings of SNE. Gilder Gagnon Howe & Co. LLC acquired a new position in Sony during the 4th quarter valued at $88,068,000. Deutsche Bank AG raised its stake in shares of Sony by 132.4% in the 4th quarter. Deutsche Bank AG now owns 1,516,484 shares of the company’s stock valued at $68,165,000 after buying an additional 863,884 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Sony by 68.9% in 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 buying an additional 562,627 shares in the last quarter. Minneapolis Portfolio Management Group LLC raised its stake in shares of Sony by 0.4% in the 3rd quarter. Minneapolis Portfolio Management Group LLC now owns 1,215,399 shares of the company’s stock valued at $45,383,000 after buying an additional 4,278 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Sony by 256.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,018,618 shares of the company’s stock valued at $37,772,000 after buying an additional 732,847 shares in the last quarter. Institutional investors and hedge funds own 6.95% of the company’s stock.
Sony (NYSE SNE) traded up $0.80 during trading on Tuesday, reaching $49.61. 323,362 shares of the company’s stock were exchanged, compared to its average volume of 1,370,545. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.80. The firm has a market cap of $62,140.00, a price-to-earnings ratio of 12.69 and a beta of 1.55. Sony has a 52-week low of $30.70 and a 52-week high of $53.91.
Sony (NYSE:SNE) last posted its earnings results on Friday, February 2nd. The company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Sony’s 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. research analysts anticipate that Sony will post 3.3 earnings per share for the current year.
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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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