Jefferies Group LLC Reiterates “Buy” Rating for Sony Corp Ord (SNE)
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.
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.