Citigroup Inc. cut shares of Sony Corp Ord (NYSE:SNE) from a buy rating to a neutral rating in a report published on Monday morning, Marketbeat Ratings reports. The firm currently has $39.93 price target on the stock, down from their previous price target of $40.60.

Several other analysts also recently commented on SNE. Zacks Investment Research downgraded shares of Sony Corp Ord from a buy rating to a hold rating in a research report on Monday, June 12th. BidaskClub raised shares of Sony Corp Ord from a buy rating to a strong-buy rating in a research report on Tuesday, June 27th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $45.74 price objective on shares of Sony Corp Ord in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Sony Corp Ord currently has an average rating of Buy and a consensus price target of $43.42.

Sony Corp Ord (SNE) opened at 38.38 on Monday. Sony Corp Ord has a 12-month low of $27.72 and a 12-month high of $41.65. The stock has a 50 day moving average of $39.52 and a 200 day moving average of $36.33. The firm has a market cap of $48.47 billion, a PE ratio of 40.44 and a beta of 1.77.

Sony Corp Ord (NYSE:SNE) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. The company had revenue of $1,858.10 billion during the quarter, compared to the consensus estimate of $1,735.86 billion. Sony Corp Ord had a net margin of 1.67% and a return on equity of 4.17%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the firm posted $16.44 EPS. On average, equities research analysts anticipate that Sony Corp Ord will post $2.21 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC grew its position in Sony Corp Ord by 5.6% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock valued at $105,000 after purchasing an additional 139 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in Sony Corp Ord in the 2nd quarter valued at $119,000. Parallax Volatility Advisers L.P. grew its position in Sony Corp Ord by 206.3% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 4,354 shares of the company’s stock valued at $166,000 after purchasing an additional 8,451 shares during the period. Opes Advisors Inc acquired a new stake in Sony Corp Ord in the 2nd quarter valued at $206,000. Finally, O Shaughnessy Asset Management LLC grew its position in Sony Corp Ord by 1.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,103 shares of the company’s stock valued at $172,000 after purchasing an additional 53 shares during the period. 6.54% of the stock is owned by institutional investors and hedge funds.

Sony Corp Ord Company Profile

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.

Analyst Recommendations for Sony Corp Ord (NYSE:SNE)

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