Sony Stock Rating Upgraded by Jefferies Group (SNE)
Sony (NYSE:SNE) was upgraded by investment analysts at Jefferies Group from a “hold” rating to a “buy” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $20.80 target price on the stock, up from their previous target price of $17.70. Jefferies Group’s target price indicates a potential upside of 23.66% from the company’s current price.
A number of other analysts have also recently weighed in on SNE. Analysts at UBS AG initiated coverage on shares of Sony in a research note to investors on Tuesday, December 3rd. They set a “sell” rating and a $399.00 price target on the stock. Analysts at Morgan Stanley upgraded shares of Sony from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Sony presently has a consensus rating of “Buy” and a consensus target price of $148.00.
Sony (NYSE:SNE) opened at 16.82 on Friday. Sony has a 52 week low of $13.75 and a 52 week high of $23.38. The stock has a 50-day moving average of $16.98 and a 200-day moving average of $19.04. The company has a market cap of $17.453 billion and a P/E ratio of 20.78. Sony also was the recipient of unusually large options trading on Thursday. Investors bought 11,392 call options on the company. This represents an increase of 235% compared to the typical volume of 3,400 call options.
Sony (NYSE:SNE) last issued its quarterly earnings data on Thursday, February 6th. The company reported $26.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.60 by $11.40. The company had revenue of $2,412.82 billion for the quarter, compared to the consensus estimate of $2,194.57 billion. During the same quarter in the previous year, the company posted ($10.72) earnings per share. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. Analysts expect that Sony will post $0.18 EPS for the current fiscal year.
Sony Corporation (NYSE:SNE) 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.
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