Sony Corp. (SNE) Reaches New 1-Year High at $30.29
Sony Corp. (NYSE:SNE)’s share price hit a new 52-week high on Thursday . The company traded as high as $30.29 and last traded at $29.88, with a volume of 758,295 shares. The stock had previously closed at $30.09.
A number of brokerages recently weighed in on SNE. TheStreet downgraded shares of Sony Corp. from a “buy” rating to a “hold” rating in a report on Friday, May 27th. Vetr raised shares of Sony Corp. from a “buy” rating to a “strong-buy” rating and set a $31.42 price objective on the stock in a report on Tuesday, May 31st. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Sony Corp. in a report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $34.29.
The stock has a 50 day moving average price of $28.15 and a 200 day moving average price of $25.01. The stock has a market cap of $37.68 billion and a PE ratio of 26.20.
Sony Corp. (NYSE:SNE) last issued its quarterly earnings results on Thursday, April 28th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.58) by $0.07. The firm earned $1,824.10 billion during the quarter, compared to analysts’ expectations of $64.27 billion. During the same period in the previous year, the firm earned ($91.39) EPS. On average, analysts predict that Sony Corp. will post $0.67 EPS for the current year.
Other institutional investors recently modified their holdings of the company. Comerica Bank increased 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 during the last quarter. World Asset Management Inc increased its stake in Sony Corp. by 2.4% in the fourth quarter. World Asset Management Inc now owns 66,775 shares of the company’s stock valued at $1,643,000 after buying an additional 1,542 shares during the last quarter. Morgan Stanley increased its stake in 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 during the last quarter. PNC Financial Services Group Inc. increased its stake 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 valued at $6,086,000 after buying an additional 13,699 shares during the last quarter. Finally, Sabal Capital Management LLC acquired a new stake in Sony Corp. during the fourth quarter valued at approximately $1,223,000.
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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