Sony Corp. (SNE) Trading Down 1.8%
Shares of Sony Corp. (NYSE:SNE) fell 1.8% on Tuesday . The stock traded as low as $30.43 and last traded at $30.64, with a volume of 1,868,190 shares trading hands. The stock had previously closed at $31.20.
SNE has been the topic of several recent analyst reports. 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 note on Wednesday. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Sony Corp. in a research note on Thursday, June 30th. Deutsche Bank AG upgraded shares of Sony Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 6th. BNP Paribas upgraded shares of Sony Corp. from a “reduce” rating to a “hold” rating in a research note on Tuesday, June 7th. Finally, Jefferies Group reiterated a “buy” rating on shares of Sony Corp. in a research note on Friday, June 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $34.53.
The stock has a 50-day moving average price of $28.70 and a 200 day moving average price of $25.22. The firm has a market cap of $38.15 billion and a price-to-earnings ratio of 25.93.
Sony Corp. (NYSE:SNE) last released its quarterly earnings results on Thursday, April 28th. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.58) by $0.07. The company earned $1,824.10 billion during the quarter, compared to analysts’ expectations of $64.27 billion. During the same quarter in the previous year, the business earned ($91.39) earnings per share. Equities research analysts predict that Sony Corp. will post $0.69 EPS for the current year.
A number of institutional investors recently added to or reduced their stakes in the company. Sabal Capital Management LLC bought a new position in Sony Corp. during the fourth quarter valued at approximately $1,223,000. Comerica Bank raised its position in 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 period. PNC Financial Services Group Inc. raised its position 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 period. Zweig DiMenna Associates LLC raised its position 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 valued at $27,979,000 after buying an additional 189,616 shares during the period. Finally, Morgan Stanley raised its position 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 period.
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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