Sony Corp (NYSE:SNE) has been given an average recommendation of “Buy” by the nine analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $52.91.
Several brokerages recently commented on SNE. ValuEngine raised shares of Sony from a “sell” rating to a “hold” rating in a research note on Wednesday. Jefferies Financial Group raised shares of Sony from a “hold” rating to a “buy” rating in a research note on Monday, April 15th. Finally, Zacks Investment Research downgraded shares of Sony from a “buy” rating to a “hold” rating in a research note on Friday, January 18th.
NYSE:SNE traded up $0.61 on Friday, hitting $52.61. The company had a trading volume of 2,913,797 shares, compared to its average volume of 1,639,028. The company has a market cap of $65.71 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 2.35 and a beta of 1.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.76. Sony has a 52 week low of $41.91 and a 52 week high of $61.02.
Sony (NYSE:SNE) last issued its quarterly earnings data on Friday, April 26th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.43. The business had revenue of $2,127.50 billion during the quarter, compared to the consensus estimate of $2,040.96 billion. Sony had a net margin of 10.54% and a return on equity of 21.78%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $41.20 EPS. As a group, analysts expect that Sony will post 3.97 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. Kore Private Wealth LLC bought a new position in shares of Sony during the first quarter valued at $43,000. HighTower Advisors LLC raised its stake in shares of Sony by 5.8% during the first quarter. HighTower Advisors LLC now owns 12,517 shares of the company’s stock valued at $530,000 after acquiring an additional 681 shares during the last quarter. Maverick Capital Ltd. raised its stake in shares of Sony by 8.7% during the first quarter. Maverick Capital Ltd. now owns 114,220 shares of the company’s stock valued at $4,825,000 after acquiring an additional 9,110 shares during the last quarter. Third Point LLC bought a new position in shares of Sony during the first quarter valued at $63,360,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Sony during the first quarter valued at $883,000. 7.60% of the stock is owned by hedge funds and other institutional investors.
Sony Company Profile
Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.
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