Sony Corporation (NYSE:SONY) Receives $33.00 Average Target Price from Brokerages

Shares of Sony Corporation (NYSE:SONY) have been given an average recommendation of “Buy” by the seven brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $33.00.

SONY has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Sony in a report on Wednesday, October 8th. Zacks Research upgraded Sony from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Cfra Research upgraded Sony to a “moderate buy” rating in a report on Friday, October 10th.

Institutional Investors Weigh In On Sony

Several institutional investors and hedge funds have recently bought and sold shares of the business. AE Wealth Management LLC lifted its holdings in Sony by 38.5% in the 3rd quarter. AE Wealth Management LLC now owns 12,676 shares of the company’s stock worth $365,000 after buying an additional 3,522 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Sony by 3.7% in the 3rd quarter. Valeo Financial Advisors LLC now owns 27,737 shares of the company’s stock worth $799,000 after acquiring an additional 980 shares in the last quarter. Little House Capital LLC raised its position in shares of Sony by 16.5% in the 3rd quarter. Little House Capital LLC now owns 118,437 shares of the company’s stock worth $3,410,000 after acquiring an additional 16,770 shares in the last quarter. Compass Wealth Management LLC bought a new position in shares of Sony in the 3rd quarter worth approximately $214,000. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Sony by 2.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 373,873 shares of the company’s stock worth $10,764,000 after acquiring an additional 7,937 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Trading Up 0.1%

Shares of SONY stock opened at $27.93 on Tuesday. The stock has a market capitalization of $168.88 billion, a PE ratio of 22.16 and a beta of 0.95. Sony has a 1-year low of $17.72 and a 1-year high of $30.28. The business has a 50-day moving average of $28.74 and a 200 day moving average of $26.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03.

Sony (NYSE:SONY) last issued its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. The company had revenue of $17.79 billion during the quarter, compared to analysts’ expectations of $18.88 billion. Sony had a return on equity of 13.88% and a net margin of 9.14%.During the same period in the prior year, the business posted $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Sony will post 1.23 earnings per share for the current year.

Sony Company Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.