Sony Corp Ord (NYSE:SNE) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $43.42.

A number of analysts have recently issued reports on SNE shares. Zacks Investment Research cut shares of Sony Corp Ord from a “buy” rating to a “hold” rating in a research note on Monday, June 12th. BidaskClub upgraded shares of Sony Corp Ord from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Jefferies Group LLC restated a “buy” rating and set a $45.74 target price on shares of Sony Corp Ord in a research note on Thursday, August 3rd. Finally, Citigroup Inc. cut shares of Sony Corp Ord from a “buy” rating to a “neutral” rating and cut their target price for the stock from $40.60 to $39.93 in a research note on Monday, September 11th.

ILLEGAL ACTIVITY WARNING: “Sony Corp Ord (SNE) Receives Average Rating of “Buy” from Analysts” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://www.americanbankingnews.com/2017/09/16/sony-corp-ord-sne-receives-average-rating-of-buy-from-analysts.html.

A number of institutional investors have recently modified their holdings of the business. O Shaughnessy Asset Management LLC raised its stake in Sony Corp Ord by 1.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,103 shares of the company’s stock worth $172,000 after purchasing an additional 53 shares in the last quarter. Bank of Montreal Can raised its position in shares of Sony Corp Ord by 0.3% in the 2nd quarter. Bank of Montreal Can now owns 32,558 shares of the company’s stock valued at $1,244,000 after buying an additional 87 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Sony Corp Ord by 1.8% in the 2nd quarter. Raymond James Trust N.A. now owns 6,175 shares of the company’s stock valued at $235,000 after buying an additional 111 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Sony Corp Ord by 5.6% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock valued at $105,000 after buying an additional 139 shares in the last quarter. Finally, Fiera Capital Corp raised its position in shares of Sony Corp Ord by 1.8% in the 2nd quarter. Fiera Capital Corp now owns 9,693 shares of the company’s stock valued at $370,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 6.54% of the company’s stock.

Shares of Sony Corp Ord (NYSE:SNE) traded up 0.78% on Friday, hitting $38.66. 558,230 shares of the stock were exchanged. The company has a 50-day moving average price of $39.44 and a 200-day moving average price of $36.39. Sony Corp Ord has a one year low of $27.72 and a one year high of $41.65. The firm has a market capitalization of $48.83 billion, a PE ratio of 40.74 and a beta of 1.77.

Sony Corp Ord (NYSE:SNE) last posted its earnings results on Tuesday, August 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. The company had revenue of $1,858.10 billion during the quarter, compared to analysts’ expectations of $1,735.86 billion. Sony Corp Ord had a net margin of 1.67% and a return on equity of 4.17%. Sony Corp Ord’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the company posted $16.44 EPS. Equities research analysts expect that Sony Corp Ord will post $2.21 earnings per share for the current year.

Sony Corp Ord 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.

Analyst Recommendations for Sony Corp Ord (NYSE:SNE)

Receive News & Ratings for Sony Corp Ord Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony Corp Ord and related companies with MarketBeat.com's FREE daily email newsletter.