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.

Sony (NYSE:SNE) last released its 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. Sony had a net margin of 9.48% and a return on equity of 20.21%. The company had revenue of $2,401.81 billion for the quarter, compared to the consensus estimate of $2,676.17 billion. During the same period in the prior year, the company posted $234.08 EPS. The company’s revenue was down 10.1% compared to the same quarter last year. Research analysts forecast that Sony will post 6.07 EPS for the current year.

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.

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Analyst Recommendations for Sony (NYSE:SNE)

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