Brokerages Set Sony Corp. (SNE) Price Target at $36.88
Shares of Sony Corp. (NYSE:SNE) have been given a consensus rating of “Buy” by the nine ratings firms that are currently covering the company. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $36.88.
A number of research analysts have recently commented on SNE shares. Zacks Investment Research raised Sony Corp. from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a report on Wednesday, September 28th. TheStreet upgraded Sony Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. Finally, Vetr upgraded Sony Corp. from a “hold” rating to a “buy” rating and set a $31.36 target price for the company in a research note on Monday, July 25th.
Several hedge funds have recently made changes to their positions in SNE. Gamco Investors INC. ET AL increased its stake in shares of Sony Corp. by 1.0% in the second quarter. Gamco Investors INC. ET AL now owns 5,925,512 shares of the company’s stock worth $173,914,000 after buying an additional 60,915 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Sony Corp. by 0.5% in the second quarter. Gabelli Funds LLC now owns 3,088,000 shares of the company’s stock worth $90,633,000 after buying an additional 14,000 shares in the last quarter. FMR LLC increased its stake in shares of Sony Corp. by 41.4% in the second quarter. FMR LLC now owns 2,359,170 shares of the company’s stock worth $69,242,000 after buying an additional 690,870 shares in the last quarter. Renaissance Technologies LLC increased its stake 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 worth $50,769,000 after buying an additional 58,300 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd increased its stake in shares of Sony Corp. by 28.7% in the second quarter. NINE MASTS CAPITAL Ltd now owns 1,307,856 shares of the company’s stock worth $37,849,000 after buying an additional 291,256 shares in the last quarter. Institutional investors own 6.61% of the company’s stock.
Shares of Sony Corp. (NYSE:SNE) opened at 30.11 on Friday. The company has a market capitalization of $37.99 billion, a P/E ratio of 69.06 and a beta of 2.03. Sony Corp. has a one year low of $19.90 and a one year high of $34.17. The stock has a 50 day moving average price of $32.19 and a 200-day moving average price of $30.32.
Sony Corp. (NYSE:SNE) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.11. The business had revenue of $1,688.90 billion for the quarter, compared to analyst estimates of $16.90 billion. Sony Corp. had a return on equity of 1.67% and a net margin of 0.67%. The firm’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $26.10 EPS. Equities research analysts predict that Sony Corp. will post $0.52 earnings per share for the current fiscal year.
About Sony Corp.
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 & Stock 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 stocks with our FREE daily email newsletter.