Sony Corp. (SNE) Reaches New 1-Year High at $30.29
Sony Corp. (NYSE:SNE)’s share price hit a new 52-week high on Thursday . The company traded as high as $30.29 and last traded at $29.88, with a volume of 758,295 shares trading hands. The stock had previously closed at $30.09.
A number of equities analysts have weighed in on SNE shares. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Sony Corp. in a report on Tuesday, April 19th. Vetr upgraded shares of Sony Corp. from a “hold” rating to a “buy” rating and set a $28.90 price target on the stock in a report on Monday, April 18th. TheStreet upgraded shares of Sony Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, April 6th. Bank of America Corp. reiterated a “buy” rating and issued a $38.26 price target on shares of Sony Corp. in a report on Monday, May 23rd. Finally, Jefferies Group reiterated a “buy” rating on shares of Sony Corp. in a report on Friday, June 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Sony Corp. has a consensus rating of “Buy” and a consensus price target of $34.29.
The stock has a 50 day moving average of $28.38 and a 200-day moving average of $25.09. The stock has a market cap of $38.59 billion and a PE ratio of 26.69.
Sony Corp. (NYSE:SNE) last released its quarterly earnings results on Thursday, April 28th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.58) by $0.07. The firm had revenue of $1,824.10 billion for the quarter, compared to analyst estimates of $64.27 billion. During the same quarter in the prior year, the company earned ($91.39) EPS. On average, analysts expect that Sony Corp. will post $0.68 earnings per share for the current fiscal year.
Other large investors have recently added to or reduced their stakes in the company. Zweig DiMenna Associates LLC raised its stake in Sony Corp. by 20.0% in the fourth quarter. Zweig DiMenna Associates LLC now owns 1,136,882 shares of the company’s stock worth $27,979,000 after buying an additional 189,616 shares in the last quarter. Sabal Capital Management LLC purchased a new stake in Sony Corp. during the fourth quarter worth about $1,223,000. Morgan Stanley raised its stake in Sony Corp. by 0.6% in the fourth quarter. Morgan Stanley now owns 2,295,809 shares of the company’s stock worth $56,499,000 after buying an additional 13,044 shares in the last quarter. Comerica Bank raised its stake in Sony Corp. by 0.6% in the fourth quarter. Comerica Bank now owns 115,095 shares of the company’s stock worth $2,647,000 after buying an additional 681 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Sony Corp. by 5.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 247,264 shares of the company’s stock worth $6,086,000 after buying an additional 13,699 shares in the last quarter.
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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