Sony Corp Ord (SNE) Receives $42.31 Average Price Target from Analysts
Sony Corp Ord (NYSE:SNE) has been given a consensus rating of “Buy” by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $42.31.
A number of analysts have recently issued reports on SNE shares. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating on shares of Sony Corp Ord in a report on Monday, May 1st. Zacks Investment Research downgraded shares of Sony Corp Ord from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub upgraded shares of Sony Corp Ord from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Finally, Jefferies Group LLC restated a “buy” rating and set a $45.74 price target on shares of Sony Corp Ord in a report on Thursday, August 3rd.
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Hedge funds have recently made changes to their positions in the company. Proficio Capital Partners LLC increased its stake in shares of Sony Corp Ord by 5.6% in the second quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock worth $105,000 after buying an additional 139 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Sony Corp Ord during the second quarter worth about $119,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Sony Corp Ord during the first quarter worth about $151,000. Parallax Volatility Advisers L.P. increased its stake in shares of Sony Corp Ord by 206.3% in the second quarter. Parallax Volatility Advisers L.P. now owns 4,354 shares of the company’s stock worth $166,000 after buying an additional 8,451 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Sony Corp Ord by 1.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 5,103 shares of the company’s stock worth $172,000 after buying an additional 53 shares in the last quarter. Institutional investors and hedge funds own 6.94% of the company’s stock.
Shares of Sony Corp Ord (SNE) traded up 0.81% during midday trading on Tuesday, reaching $38.50. The company had a trading volume of 1,065,933 shares. The stock has a 50-day moving average of $39.71 and a 200 day moving average of $35.60. The firm has a market capitalization of $48.63 billion, a price-to-earnings ratio of 41.09 and a beta of 1.73. Sony Corp Ord has a 52 week low of $27.72 and a 52 week high of $41.65.
Sony Corp Ord (NYSE:SNE) last released its earnings results on Tuesday, August 1st. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.08. Sony Corp Ord had a net margin of 1.67% and a return on equity of 4.17%. The business had revenue of $1,858.10 billion for the quarter, compared to analyst estimates of $1,735.86 billion. During the same period last year, the company posted $16.44 EPS. The business’s revenue was up 15.2% on a year-over-year basis. On average, analysts anticipate that Sony Corp Ord will post $2.18 earnings per share for the current year.
About Sony Corp Ord
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.
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