Sony Corp. (SNE) Shares Gap Up to $32.37
Sony Corp. (NYSE:SNE) shares gapped up prior to trading on Thursday . The stock had previously closed at $32.11, but opened at $32.37. Sony Corp. shares last traded at $33.08, with a volume of 631,438 shares changing hands.
SNE has been the subject of several research analyst reports. Jefferies Group reiterated a “buy” rating on shares of Sony Corp. in a report on Friday, June 10th. Vetr upgraded shares of Sony Corp. from a “hold” rating to a “buy” rating and set a $30.40 price target for the company in a report on Tuesday, July 5th. 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. BNP Paribas upgraded shares of Sony Corp. from a “reduce” rating to a “hold” rating in a report on Tuesday, June 7th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Sony Corp. in a report on Thursday, June 30th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $32.21.
The stock has a market cap of $41.76 billion and a PE ratio of 49.77. The stock has a 50 day moving average of $31.24 and a 200-day moving average of $26.81.
Sony Corp. (NYSE:SNE) last released its quarterly earnings results on Friday, July 29th. The company reported $16.44 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $16.72. The firm had revenue of $1,613.20 billion for the quarter, compared to the consensus estimate of $1,682.98 billion. The firm’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $70.52 EPS. On average, equities research analysts anticipate that Sony Corp. will post $0.61 EPS for the current fiscal year.
An institutional investor recently raised its position in Sony Corp. stock. Airain ltd boosted its stake in Sony Corp. (NYSE:SNE) by 83.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,895 shares of the company’s stock after buying an additional 30,890 shares during the period. Airain ltd’s holdings in Sony Corp. were worth $1,671,000 as of its most recent filing with the SEC.
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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