Sony Corp (SNE) Receives Average Recommendation of “Hold” from Analysts
Sony Corp (NYSE:SNE) has been given a consensus rating of “Hold” by the ten brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $52.91.
A number of research firms have issued reports on SNE. Jefferies Financial Group upgraded shares of Sony from a “hold” rating to a “buy” rating in a research report on Monday, April 15th. ValuEngine upgraded shares of Sony from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 9th. Zacks Investment Research downgraded shares of Sony from a “buy” rating to a “hold” rating in a research report on Friday, January 18th. Macquarie downgraded shares of Sony from an “outperform” rating to a “neutral” rating in a research report on Friday, February 1st. Finally, CLSA reiterated a “buy” rating on shares of Sony in a research report on Friday, March 22nd.
Sony stock traded up $0.12 during trading hours on Monday, reaching $47.86. 1,076,253 shares of the company’s stock traded hands, compared to its average volume of 1,485,165. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.12. Sony has a fifty-two week low of $41.91 and a fifty-two week high of $61.02. The company has a market cap of $60.47 billion, a PE ratio of 14.55, a PEG ratio of 2.06 and a beta of 1.33.
Large investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Sony in the 4th quarter valued at approximately $2,607,000. LMR Partners LLP acquired a new stake in Sony during the 4th quarter worth approximately $19,478,000. LPL Financial LLC raised its holdings in Sony by 3.6% during 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 period. AdvisorNet Financial Inc acquired a new stake in Sony during the 4th quarter worth approximately $91,000. Finally, Fagan Associates Inc. raised its holdings in Sony by 3.2% during 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 period. Institutional investors and hedge funds own 7.55% of the company’s stock.
Sony Company Profile
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.
See Also: What is a Market Correction?
Receive News & Ratings for Sony Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony and related companies with MarketBeat.com's FREE daily email newsletter.