Sony Corp. (SNE) Reaches New 52-Week High at $33.60
Sony Corp. (NYSE:SNE) hit a new 52-week high during trading on Wednesday . The stock traded as high as $33.60 and last traded at $33.35, with a volume of 415,291 shares changing hands. The stock had previously closed at $33.12.
Several equities research analysts recently commented on SNE shares. Vetr cut Sony Corp. from a “buy” rating to a “hold” rating and set a $31.36 price target for the company. in a research note on Tuesday, July 19th. Deutsche Bank AG raised Sony Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 6th. Zacks Investment Research raised Sony Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 26th. TheStreet upgraded Sony Corp. from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. Finally, Jefferies Group restated a “buy” rating on shares of Sony Corp. in a report on Friday, June 10th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $32.21.
The firm has a market capitalization of $42.06 billion and a P/E ratio of 50.21. The company has a 50-day moving average price of $31.49 and a 200 day moving average price of $27.11.
Sony Corp. (NYSE:SNE) last released its quarterly earnings results on Friday, July 29th. The company reported $16.44 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $16.72. During the same period in the prior year, the business earned $70.52 EPS. The business had revenue of $1,613.20 billion for the quarter, compared to analyst estimates of $1,682.98 billion. The company’s revenue for the quarter was down 10.8% compared to the same quarter last year. Equities research analysts anticipate that Sony Corp. will post $0.61 EPS for the current year.
An institutional investor recently raised its position in Sony Corp. stock. Airain ltd boosted its position in Sony Corp. (NYSE:SNE) by 83.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 SEC filing.
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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