Shares of Sony Corp (NYSE:SNE) gapped down prior to trading on Wednesday . The stock had previously closed at $47.02, but opened at $45.53. Sony shares last traded at $43.28, with a volume of 3729429 shares trading hands.

A number of analysts recently commented on the company. Jefferies Financial Group lowered Sony from a “buy” rating to a “hold” rating and decreased their target price for the company from $77.62 to $44.04 in a research report on Wednesday. Zacks Investment Research downgraded Sony from a “buy” rating to a “hold” rating in a research note on Friday, January 18th. ValuEngine downgraded Sony from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Macquarie downgraded Sony from an “outperform” rating to a “neutral” rating in a research note on Friday, February 1st. Finally, JPMorgan Chase & Co. upgraded Sony from a “neutral” rating to a “buy” rating in a research note on Friday, November 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Sony currently has a consensus rating of “Hold” and an average target price of $50.32.

The company has a market cap of $57.53 billion, a PE ratio of 13.16, a PEG ratio of 1.02 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.86 and a quick ratio of 0.76.

Sony (NYSE:SNE) last released its quarterly earnings results on Friday, February 1st. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $1.03. The business had revenue of $2,401.81 billion during the quarter, compared to the consensus estimate of $2,676.17 billion. Sony had a return on equity of 20.21% and a net margin of 9.48%. The company’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $234.08 EPS. Equities research analysts expect that Sony Corp will post 5.53 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Zweig DiMenna Associates LLC boosted its stake in shares of Sony by 23.5% in the 4th quarter. Zweig DiMenna Associates LLC now owns 205,750 shares of the company’s stock worth $9,934,000 after buying an additional 39,107 shares during the last quarter. Fagan Associates Inc. boosted its stake in shares of Sony by 3.2% in the 4th quarter. Fagan Associates Inc. now owns 53,400 shares of the company’s stock worth $2,578,000 after buying an additional 1,645 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Sony by 3.6% in the 4th quarter. LPL Financial LLC now owns 35,481 shares of the company’s stock worth $1,713,000 after buying an additional 1,232 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Sony by 3.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 39,819 shares of the company’s stock worth $1,922,000 after buying an additional 1,225 shares during the last quarter. Finally, Boston Partners boosted its stake in shares of Sony by 42.6% in the 4th quarter. Boston Partners now owns 2,018,740 shares of the company’s stock worth $97,464,000 after buying an additional 602,923 shares during the last quarter. Institutional investors and hedge funds own 7.54% of the company’s stock.

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Sony Company Profile (NYSE:SNE)

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.

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