Sony Corp Ord (NYSE:SNE)‘s stock had its “buy” rating restated by Jefferies Group LLC in a research note issued to investors on Friday. They presently have a $59.84 price target on the stock. Jefferies Group LLC’s price target would indicate a potential upside of 29.80% from the stock’s previous close. Jefferies Group also issued estimates for Sony Corp Ord’s FY2020 earnings at $3.75 EPS.

A number of other analysts have also recently weighed in on the company. Credit Suisse Group cut Sony Corp Ord from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Zacks Investment Research cut Sony Corp Ord from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Citigroup Inc. cut Sony Corp Ord from a “buy” rating to a “neutral” rating and cut their price target for the company from $40.60 to $39.93 in a research note on Monday, September 11th. Finally, Morgan Stanley cut Sony Corp Ord from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 11th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $46.94.

Sony Corp Ord (SNE) opened at $46.10 on Friday. The stock has a market capitalization of $57,880.00, a price-to-earnings ratio of 25.87 and a beta of 1.81. Sony Corp Ord has a fifty-two week low of $27.72 and a fifty-two week high of $47.59. The company has a quick ratio of 0.71, a current ratio of 0.86 and a debt-to-equity ratio of 0.17.

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A number of institutional investors have recently bought and sold shares of the business. Belpointe Asset Management LLC acquired a new stake in Sony Corp Ord in the third quarter valued at $580,000. Janney Montgomery Scott LLC increased its position in shares of Sony Corp Ord by 31.8% during the third quarter. Janney Montgomery Scott LLC now owns 12,508 shares of the company’s stock worth $467,000 after purchasing an additional 3,021 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Sony Corp Ord by 95.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,641 shares of the company’s stock worth $248,000 after purchasing an additional 3,242 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Sony Corp Ord by 245.0% during the third quarter. Cubist Systematic Strategies LLC now owns 45,318 shares of the company’s stock worth $1,692,000 after purchasing an additional 32,183 shares in the last quarter. Finally, First Allied Advisory Services Inc. increased its position in shares of Sony Corp Ord by 27.2% during the third quarter. First Allied Advisory Services Inc. now owns 12,121 shares of the company’s stock worth $452,000 after purchasing an additional 2,589 shares in the last quarter. Institutional investors own 6.69% of the company’s stock.

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)

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