Sony Corp. (NYSE:SNE) Given Average Rating of “Buy” by Analysts
Sony Corp. (NYSE:SNE) has received an average recommendation of “Buy” from the nine research firms that are presently covering the company. Two research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $37.25.
A number of equities research analysts have recently issued reports on SNE shares. Zacks Investment Research raised shares of Sony Corp. from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a research note on Wednesday, September 28th. TheStreet raised shares of Sony Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. Deutsche Bank AG raised shares of Sony Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 6th. Jefferies Group reissued a “buy” rating on shares of Sony Corp. in a research note on Friday, June 10th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating on shares of Sony Corp. in a research note on Thursday, June 30th.
Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its position in shares of Sony Corp. by 22.1% in the second quarter. BNP Paribas Arbitrage SA now owns 18,787 shares of the company’s stock valued at $551,000 after buying an additional 3,405 shares during the period. LPL Financial LLC increased its position in shares of Sony Corp. by 0.5% in the first quarter. LPL Financial LLC now owns 59,199 shares of the company’s stock valued at $1,521,000 after buying an additional 282 shares during the period. Bayesian Capital Management LP purchased a new position in shares of Sony Corp. during the first quarter valued at about $427,000. Renaissance Technologies LLC increased its position in shares of Sony Corp. by 3.0% in the first quarter. Renaissance Technologies LLC now owns 1,973,900 shares of the company’s stock valued at $50,769,000 after buying an additional 58,300 shares during the period. Finally, HBK Investments L P increased its position in shares of Sony Corp. by 241.0% in the first quarter. HBK Investments L P now owns 341,301 shares of the company’s stock valued at $8,778,000 after buying an additional 241,201 shares during the period. 6.60% of the stock is owned by institutional investors.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/07/sony-corp-nysesne-given-average-rating-of-buy-by-analysts.html
Shares of Sony Corp. (NYSE:SNE) traded down 0.86% during midday trading on Friday, reaching $32.44. 343,209 shares of the company’s stock traded hands. The stock has a market capitalization of $40.93 billion, a P/E ratio of 48.49 and a beta of 1.85. The firm’s 50-day moving average price is $32.91 and its 200 day moving average price is $29.33. Sony Corp. has a 1-year low of $19.90 and a 1-year high of $34.17.
Sony Corp. (NYSE:SNE) last posted its earnings results on Friday, July 29th. The company reported $16.44 earnings per share for the quarter, beating the consensus estimate of ($0.28) by $16.72. The company had revenue of $1,613.20 billion for the quarter, compared to analyst estimates of $1,682.98 billion. Sony Corp. had a net margin of 1.02% and a return on equity of 2.52%. Sony Corp.’s revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $70.52 EPS. On average, equities analysts predict that Sony Corp. will post $0.63 earnings per share for the current fiscal year.
Sony Corp. Company Profile
Sony Corporation (Sony) 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. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.
Receive News & Ratings for Sony Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony Corp. and related companies with MarketBeat.com's FREE daily email newsletter.