Sony Rating Reiterated by Jefferies Group (SNE)
Sony (NYSE:SNE)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a research report issued to clients and investors on Tuesday. They currently have a $23.90 target price on the stock, up from their previous target price of $20.80. Jefferies Group’s price objective suggests a potential upside of 37.59% from the company’s current price.
Separately, analysts at Zacks upgraded shares of Sony from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $17.10 price target on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Sony has an average rating of “Buy” and a consensus price target of $20.50.
Sony (NYSE:SNE) traded up 0.06% during mid-day trading on Tuesday, hitting $17.38. The stock had a trading volume of 829,467 shares. Sony has a 52 week low of $15.23 and a 52 week high of $21.94. The stock has a 50-day moving average of $17.12 and a 200-day moving average of $17.23. The company’s market cap is $18.139 billion.
Sony (NYSE:SNE) last announced its earnings results on Thursday, July 31st. The company reported $22.94 earnings per share for the quarter, beating the analysts’ consensus estimate of ($10.30) by $33.24. The company had revenue of $1,809.00 billion for the quarter, compared to the consensus estimate of $1,692.74 billion. During the same quarter last year, the company posted $2.98 earnings per share. Sony’s revenue was up 5.7% compared to the same quarter last 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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