Sony Corp. (SNE) Shares Gap Up to $29.55
Sony Corp. (NYSE:SNE) shares gapped up prior to trading 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 traded.
Several research analysts have recently issued reports on SNE shares. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Sony Corp. in a research report on Tuesday, April 19th. Vetr raised Sony Corp. from a “hold” rating to a “buy” rating and set a $28.90 target price for the company in a research report on Monday, April 18th. TheStreet raised Sony Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, April 6th. Bank of America Corp. reissued a “buy” rating and issued a $38.26 target price on shares of Sony Corp. in a research report on Monday, May 23rd. Finally, Jefferies Group reissued a “buy” rating on shares of Sony Corp. in a research report on Friday, June 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Sony Corp. currently has a consensus rating of “Buy” and an average target price of $34.53.
The company has a 50 day moving average price of $28.76 and a 200-day moving average price of $25.25. The firm has a market capitalization of $37.89 billion and a price-to-earnings ratio of 25.76.
Sony Corp. (NYSE:SNE) last issued its quarterly earnings results on Thursday, April 28th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the business posted ($91.39) EPS. On average, equities research analysts expect that Sony Corp. will post $0.69 earnings per share for the current year.
A number of hedge funds recently added to or reduced their stakes in SNE. Sabal Capital Management LLC bought a new stake in Sony Corp. during the fourth quarter worth approximately $1,223,000. Comerica Bank increased its stake 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 in 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 worth $6,086,000 after buying an additional 13,699 shares in the last quarter. Zweig DiMenna Associates LLC increased its stake 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 in the last quarter. Finally, 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 worth $56,499,000 after buying an additional 13,044 shares in the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.