Sony Corporation (NYSE:SONY) Given Consensus Rating of “Buy” by Analysts

Sony Corporation (NYSE:SONY) has received a consensus recommendation of “Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $33.00.

Several brokerages have recently commented on SONY. Wolfe Research raised shares of Sony from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, November 5th. Nomura upgraded Sony from a “neutral” rating to a “buy” rating in a report on Wednesday. Zacks Research raised Sony from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Nomura Securities upgraded Sony from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th.

Sony Trading Up 2.7%

Shares of Sony stock traded up $0.75 on Friday, hitting $28.50. The stock had a trading volume of 3,959,092 shares, compared to its average volume of 4,862,415. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. Sony has a one year low of $18.97 and a one year high of $30.34. The stock’s 50-day simple moving average is $28.92 and its two-hundred day simple moving average is $27.03. The stock has a market cap of $172.36 billion, a price-to-earnings ratio of 22.62 and a beta of 0.99.

Institutional Trading of Sony

Several institutional investors and hedge funds have recently bought and sold shares of SONY. Sound Income Strategies LLC bought a new position in shares of Sony in the 3rd quarter worth approximately $25,000. NewSquare Capital LLC bought a new stake in shares of Sony during the second quarter valued at approximately $28,000. Ameriflex Group Inc. grew its stake in Sony by 304.0% in the third quarter. Ameriflex Group Inc. now owns 1,010 shares of the company’s stock worth $29,000 after purchasing an additional 760 shares during the period. GPS Wealth Strategies Group LLC grew its stake in Sony by 220.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,148 shares of the company’s stock worth $30,000 after purchasing an additional 790 shares during the period. Finally, Country Trust Bank bought a new position in Sony in the second quarter worth $30,000. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

About Sony

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.