Sony Corporation (NYSE:SONY) Given Average Recommendation of “Hold” by Analysts

Sony Corporation (NYSE:SONYGet Free Report) has earned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $22.00.

A number of equities analysts have issued reports on the stock. Zacks Research lowered shares of Sony from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings lowered shares of Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $22.00 price target (down from $30.00) on shares of Sony in a research report on Tuesday, March 17th.

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Sony Stock Performance

SONY opened at $21.45 on Tuesday. Sony has a 12-month low of $19.74 and a 12-month high of $30.34. 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 firm has a market capitalization of $127.58 billion, a PE ratio of -107.22, a P/E/G ratio of 7.24 and a beta of 0.98. The firm has a 50 day moving average of $21.49 and a two-hundred day moving average of $24.87.

Hedge Funds Weigh In On Sony

Several institutional investors have recently made changes to their positions in SONY. Sound Income Strategies LLC purchased a new position in shares of Sony during the 3rd quarter valued at approximately $25,000. YANKCOM Partnership increased its holdings in shares of Sony by 748.7% during the 4th quarter. YANKCOM Partnership now owns 976 shares of the company’s stock valued at $25,000 after purchasing an additional 861 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Sony during the 4th quarter valued at approximately $27,000. Elyxium Wealth LLC purchased a new position in shares of Sony during the 4th quarter valued at approximately $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Sony by 404.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,109 shares of the company’s stock valued at $28,000 after purchasing an additional 889 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

About Sony

(Get Free Report)

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.

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Analyst Recommendations for Sony (NYSE:SONY)

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