Shares of Sony Corp. (NYSE:SNE) fell 1.8% during trading on Tuesday . The company traded as low as $30.43 and last traded at $30.64, with a volume of 1,868,190 shares trading hands. The stock had previously closed at $31.20.

Several analysts have recently issued reports on SNE shares. Vetr upgraded shares of Sony Corp. from a “hold” rating to a “buy” rating and set a $28.90 target price for the company in a research note on Monday, April 25th. Deutsche Bank AG upgraded shares of Sony Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 6th. JPMorgan Chase & Co. lowered shares of Sony Corp. from an “overweight” rating to a “neutral” rating in a research note on Thursday, April 21st. TheStreet lowered shares of Sony Corp. from a “buy” rating to a “hold” rating in a research note on Friday, May 27th. Finally, Zacks Investment Research lowered shares of Sony Corp. from a “hold” rating to a “strong sell” rating in a research note on Monday, May 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Sony Corp. currently has a consensus rating of “Buy” and a consensus price target of $34.29.

The firm has a 50-day moving average price of $28.52 and a 200 day moving average price of $25.14. The company has a market cap of $38.59 billion and a P/E ratio of 26.23.

Sony Corp. (NYSE:SNE) last announced its quarterly earnings results on Thursday, April 28th. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.58) by $0.07. During the same period last year, the firm earned ($91.39) earnings per share. The company earned $1,824.10 billion during the quarter, compared to the consensus estimate of $64.27 billion. On average, analysts predict that Sony Corp. will post $0.69 earnings per share for the current fiscal year.

Other hedge funds have made changes to their positions in the company. Sabal Capital Management LLC acquired a new stake in shares of Sony Corp. during the fourth quarter worth approximately $1,223,000. Comerica Bank raised its position in shares of Sony Corp. by 0.6% in the fourth quarter. Comerica Bank now owns 115,095 shares of the company’s stock valued at $2,647,000 after buying an additional 681 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Sony Corp. by 5.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 247,264 shares of the company’s stock valued at $6,086,000 after buying an additional 13,699 shares in the last quarter. Zweig DiMenna Associates LLC raised its position in shares of Sony Corp. by 20.0% in the fourth quarter. Zweig DiMenna Associates LLC now owns 1,136,882 shares of the company’s stock valued at $27,979,000 after buying an additional 189,616 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Sony Corp. by 0.6% in the fourth quarter. Morgan Stanley now owns 2,295,809 shares of the company’s stock valued at $56,499,000 after buying an additional 13,044 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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