Sony Corp. (SNE) Shares Gap Up to $29.55
Sony Corp. (NYSE:SNE)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $29.22, but opened at $29.55. Sony Corp. shares last traded at $30.11, with a volume of 646,611 shares changing hands.
Several equities analysts have issued reports on the stock. Vetr raised shares of Sony Corp. from a “hold” rating to a “buy” rating and set a $31.36 price objective on the stock in a report on Wednesday. Zacks Investment Research downgraded shares of Sony Corp. from a “hold” rating to a “strong sell” rating in a report on Monday, May 30th. JPMorgan Chase & Co. downgraded shares of Sony Corp. from an “overweight” rating to a “neutral” rating in a report on Thursday, April 21st. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Sony Corp. in a report on Thursday, June 30th. Finally, TheStreet raised shares of Sony Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, April 6th. One equities 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. The company currently has an average rating of “Buy” and a consensus price target of $34.53.
The firm’s 50 day moving average price is $28.82 and its 200 day moving average price is $25.29. The company has a market capitalization of $37.89 billion and a price-to-earnings ratio of 26.21.
Sony Corp. (NYSE:SNE) last posted its quarterly earnings results on Thursday, April 28th. The company reported ($0.65) earnings per share 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 previous year, the business posted ($91.39) earnings per share. On average, equities analysts anticipate that Sony Corp. will post $0.69 EPS for the current year.
Other institutional investors recently bought and sold shares of the company. Comerica Bank boosted its position 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 during the period. Morgan Stanley boosted its position 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 during the period. PNC Financial Services Group Inc. boosted its position 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 during the period. Sabal Capital Management LLC bought a new position in Sony Corp. during the fourth quarter worth $1,223,000. Finally, Zweig DiMenna Associates LLC boosted its position 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 during the period.
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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