Sony Corp. (SNE) Shares Gap Up to $32.14
Sony Corp. (NYSE:SNE) shares gapped up prior to trading on Friday . The stock had previously closed at $31.80, but opened at $32.14. Sony Corp. shares last traded at $32.69, with a volume of 470,005 shares traded.
A number of research analysts have recently issued reports on the stock. TheStreet upgraded shares of Sony Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th. Zacks Investment Research upgraded shares of Sony Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Vetr upgraded shares of Sony Corp. from a “hold” rating to a “buy” rating and set a $31.36 price target on the stock in a research report on Monday, July 25th. Deutsche Bank AG upgraded shares of Sony Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 6th. Finally, Goldman Sachs Group Inc. restated a “buy” rating on shares of Sony Corp. in a research report on Thursday, June 30th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Sony Corp. currently has a consensus rating of “Buy” and a consensus target price of $32.21.
The firm has a market capitalization of $41.18 billion and a price-to-earnings ratio of 48.86. The company’s 50 day moving average price is $32.05 and its 200 day moving average price is $27.62.
Sony Corp. (NYSE:SNE) last issued its quarterly earnings results on Friday, July 29th. The company reported $16.44 EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $16.72. During the same quarter in the previous year, the business earned $70.52 earnings per share. The business had revenue of $1,613.20 billion for the quarter, compared to the consensus estimate of $1,682.98 billion. The firm’s revenue was down 10.8% on a year-over-year basis. Equities research analysts forecast that Sony Corp. will post $0.61 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Sony Corp. stock. AJO LP raised its position in shares of Sony Corp. (NYSE:SNE) by 172.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 59,017 shares of the company’s stock after buying an additional 37,357 shares during the period. AJO LP’s holdings in Sony Corp. were worth $1,452,000 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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