Sony Corporation (NYSE:SONY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Sony Corporation (NYSE:SONY) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $30.00.

SONY has been the subject of several analyst reports. Nomura upgraded shares of Sony from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 19th. Zacks Research lowered shares of Sony from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen raised shares of Sony to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings lowered shares of Sony from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $30.00 target price (down from $33.00) on shares of Sony in a research report on Wednesday, January 14th.

Sony Stock Performance

Shares of NYSE:SONY opened at $21.48 on Monday. The stock has a market capitalization of $129.90 billion, a P/E ratio of -107.39, a P/E/G ratio of 7.59 and a beta of 0.94. Sony has a 1-year low of $20.42 and a 1-year high of $30.34. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $23.26 and a two-hundred day moving average price of $26.55.

Institutional Investors Weigh In On Sony

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its holdings in Sony by 4.1% during the fourth quarter. Fisher Asset Management LLC now owns 108,981,588 shares of the company’s stock worth $2,789,929,000 after buying an additional 4,337,062 shares during the last quarter. Mondrian Investment Partners LTD bought a new stake in shares of Sony in the 3rd quarter valued at about $277,631,000. Capital International Investors increased its stake in shares of Sony by 23.1% in the 4th quarter. Capital International Investors now owns 7,446,889 shares of the company’s stock valued at $191,534,000 after acquiring an additional 1,397,271 shares during the last quarter. Royal Bank of Canada raised its position in shares of Sony by 10.7% in the 4th quarter. Royal Bank of Canada now owns 6,778,922 shares of the company’s stock valued at $173,539,000 after acquiring an additional 657,655 shares during the period. Finally, Capital World Investors raised its position in shares of Sony by 1.5% in the 4th quarter. Capital World Investors now owns 5,076,516 shares of the company’s stock valued at $129,973,000 after acquiring an additional 74,768 shares during the period. Institutional investors own 14.05% of the company’s stock.

Sony Company Profile

Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.