Sony Corp Ord (SNE) Lowered to “Neutral” at Credit Suisse Group
Credit Suisse Group lowered shares of Sony Corp Ord (NYSE:SNE) from an outperform rating to a neutral rating in a report issued on Tuesday, MarketBeat Ratings reports.
Several other equities analysts have also commented on the stock. Citigroup Inc. lowered shares of Sony Corp Ord from a buy rating to a neutral rating and lowered their price objective for the company from $40.60 to $39.93 in a research report on Monday, September 11th. Zacks Investment Research upgraded shares of Sony Corp Ord from a hold rating to a strong-buy rating and set a $47.00 price objective for the company in a research report on Thursday, August 3rd. Jefferies Group LLC reiterated a buy rating and set a $45.74 price objective on shares of Sony Corp Ord in a research report on Thursday, August 3rd. Finally, BidaskClub lowered shares of Sony Corp Ord from a strong-buy rating to a buy rating in a research report on Saturday, July 8th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $43.42.
Shares of Sony Corp Ord (SNE) opened at 37.50 on Tuesday. The company has a market capitalization of $47.37 billion, a P/E ratio of 39.35 and a beta of 1.77. The firm has a 50-day moving average of $39.27 and a 200 day moving average of $36.56. Sony Corp Ord has a 1-year low of $27.72 and a 1-year high of $41.65.
Sony Corp Ord (NYSE:SNE) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.08. Sony Corp Ord had a net margin of 1.67% and a return on equity of 4.17%. The business had revenue of $1,858.10 billion during the quarter, compared to analyst estimates of $1,735.86 billion. During the same quarter last year, the business earned $16.44 earnings per share. Sony Corp Ord’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, analysts anticipate that Sony Corp Ord will post $2.21 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “Sony Corp Ord (SNE) Lowered to “Neutral” at Credit Suisse Group” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/09/23/sony-corp-ord-sne-lowered-to-neutral-at-credit-suisse-group.html.
Several institutional investors have recently added to or reduced their stakes in SNE. Waldron LP bought a new stake in shares of Sony Corp Ord in the 1st quarter worth about $1,052,000. Bank of New York Mellon Corp lifted its holdings in Sony Corp Ord by 820.7% during the 1st quarter. Bank of New York Mellon Corp now owns 397,232 shares of the company’s stock valued at $13,399,000 after buying an additional 354,087 shares in the last quarter. Comerica Bank lifted its holdings in Sony Corp Ord by 0.9% during the 1st quarter. Comerica Bank now owns 81,319 shares of the company’s stock valued at $2,742,000 after buying an additional 715 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Sony Corp Ord by 8.0% during the 1st quarter. Ameriprise Financial Inc. now owns 268,116 shares of the company’s stock valued at $9,052,000 after buying an additional 19,857 shares in the last quarter. Finally, Keybank National Association OH bought a new stake in Sony Corp Ord during the 1st quarter valued at about $374,000. Hedge funds and other institutional investors own 6.54% of the company’s stock.
About Sony Corp Ord
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.
Receive News & Ratings for Sony Corp Ord Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony Corp Ord and related companies with MarketBeat.com's FREE daily email newsletter.