Sony Corporation (NYSE:SONY) Receives Average Rating of “Hold” from Analysts

Shares of Sony Corporation (NYSE:SONYGet Free Report) have been given an average rating of “Hold” by the six brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $22.00.

A number of brokerages recently issued reports on SONY. Sanford C. Bernstein reissued a “market perform” rating and issued a $22.00 price objective (down from $30.00) on shares of Sony in a research note on Tuesday, March 17th. Weiss Ratings downgraded Sony from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Zacks Research lowered Sony from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Wall Street Zen raised Sony to a “hold” rating in a report on Saturday, December 6th.

Read Our Latest Analysis on Sony

Sony Price Performance

Shares of NYSE:SONY opened at $21.14 on Friday. The firm has a 50 day moving average of $21.74 and a 200-day moving average of $25.60. Sony has a 12 month low of $19.74 and a 12 month high of $30.34. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $125.74 billion, a PE ratio of -105.67, a PEG ratio of 7.20 and a beta of 0.98.

Key Headlines Impacting Sony

Here are the key news stories impacting Sony this week:

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SONY. Sound Income Strategies LLC acquired a new stake in shares of Sony in the 3rd quarter valued at approximately $25,000. YANKCOM Partnership lifted its stake in Sony by 748.7% in the 4th quarter. YANKCOM Partnership now owns 976 shares of the company’s stock valued at $25,000 after purchasing an additional 861 shares during the last quarter. Ameriflex Group Inc. lifted its stake in Sony by 304.0% in the 3rd quarter. Ameriflex Group Inc. now owns 1,010 shares of the company’s stock valued at $29,000 after purchasing an additional 760 shares during the last quarter. Binnacle Investments Inc boosted its position in Sony by 81.7% in the third quarter. Binnacle Investments Inc now owns 1,032 shares of the company’s stock valued at $30,000 after buying an additional 464 shares in the last quarter. Finally, V Square Quantitative Management LLC bought a new stake in shares of Sony during the fourth quarter worth $27,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

About Sony

(Get Free Report)

Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.

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Analyst Recommendations for Sony (NYSE:SONY)

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