Shares of Sony Corp (NYSE:SNE) have received a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $62.74.
A number of equities research analysts have recently issued reports on SNE shares. ValuEngine downgraded shares of Sony from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research downgraded shares of Sony from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 10th.
Shares of SNE stock traded down $0.54 during mid-day trading on Friday, reaching $55.64. 38,354 shares of the company’s stock traded hands, compared to its average volume of 933,201. Sony has a 12 month low of $36.25 and a 12 month high of $57.22. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.92 and a quick ratio of 0.80. The company has a market cap of $71.81 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 1.93 and a beta of 1.43.
Sony (NYSE:SNE) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.44. Sony had a net margin of 7.32% and a return on equity of 16.74%. The firm had revenue of $1,953.62 billion during the quarter, compared to the consensus estimate of $1,882.28 billion. During the same quarter in the previous year, the firm posted $62.70 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. equities research analysts expect that Sony will post 4.14 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sageworth Trust Co purchased a new stake in Sony in the 2nd quarter worth $103,000. Braun Bostich & Associates Inc. purchased a new stake in Sony in the 1st quarter worth $115,000. Chicago Partners Investment Group LLC lifted its stake in Sony by 60.3% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,380 shares of the company’s stock worth $122,000 after purchasing an additional 895 shares in the last quarter. Credit Agricole S A purchased a new stake in Sony in the 2nd quarter worth $146,000. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in Sony by 87.7% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 3,039 shares of the company’s stock worth $147,000 after purchasing an additional 1,420 shares in the last quarter. Institutional investors own 7.63% of the company’s stock.
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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