Sony Co. (NYSE:SNE) has earned a consensus recommendation of “Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $48.19.
A number of research firms have issued reports on SNE. JPMorgan Chase lowered shares of Sony from an “overweight” rating to a “neutral” rating in a research report 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 price target for the company in a research report on Tuesday, January 2nd. Finally, ValuEngine raised shares of Sony from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.
Shares of Sony stock traded up $0.56 during midday trading on Wednesday, hitting $49.00. The company had a trading volume of 196,716 shares, compared to its average volume of 1,269,766. The firm has a market capitalization of $61,206.70, a P/E ratio of 94.98 and a beta of 1.38. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. Sony has a 12-month low of $31.32 and a 12-month high of $53.91.
Sony (NYSE:SNE) last posted its quarterly earnings results on Friday, February 2nd. The company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.74. Sony had a net margin of 6.29% and a return on equity of 15.00%. The company had revenue of $2,672.32 billion during the quarter, compared to analyst estimates of $2,560.40 billion. During the same period last year, the firm posted $15.55 EPS. Sony’s revenue for the quarter was up 11.5% compared to the same quarter last year. research analysts anticipate that Sony will post 3.86 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Sony during the 4th quarter worth approximately $109,000. Endurance Wealth Management Inc. grew its stake in shares of Sony by 1,028.3% during the 4th quarter. Endurance Wealth Management Inc. now owns 4,389 shares of the company’s stock worth $197,000 after purchasing an additional 4,000 shares during the period. Raymond James Trust N.A. acquired a new stake in shares of Sony during the 4th quarter worth approximately $203,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Sony during the 4th quarter worth approximately $207,000. Finally, Oak Grove Capital LLC acquired a new stake in shares of Sony during the 4th quarter worth approximately $211,000. 6.98% of the stock is currently owned by institutional investors and hedge funds.
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Sony Corporation designs, develops, manufactures, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. It offers LCD televisions, optical pickups, mobile phones, tablets, audio equipment and video conference systems, batteries, broadcast and professional-use video equipment, and DVD-players/recorders; and Blu-ray Disc players and recorders, ROMs, CDs, DVDs, and UMDs.
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