Sony Corp (NYSE:SNE) Receives Consensus Rating of “Buy” from Analysts

Sony Corp (NYSE:SNE) has earned an average recommendation of “Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $52.91.

Several analysts have recently commented on SNE shares. Zacks Investment Research lowered Sony from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Jefferies Financial Group lowered Sony from a “buy” rating to a “hold” rating and decreased their price objective for the company from $77.62 to $44.04 in a report on Wednesday, March 20th. CLSA reiterated a “buy” rating on shares of Sony in a report on Friday, March 22nd. ValuEngine lowered Sony from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 3rd. Finally, Macquarie upgraded Sony from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 23rd.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Massey Quick Simon & CO. LLC acquired a new position in shares of Sony in the 1st quarter valued at $42,000. NumerixS Investment Technologies Inc acquired a new position in shares of Sony in the 4th quarter valued at $53,000. Truvestments Capital LLC acquired a new position in shares of Sony in the 1st quarter valued at $48,000. Zions Bancorporation N.A. acquired a new position in shares of Sony in the 1st quarter valued at $54,000. Finally, Investors Research Corp acquired a new position in shares of Sony in the 1st quarter valued at $57,000. 7.83% of the stock is currently owned by hedge funds and other institutional investors.

Sony stock opened at $52.39 on Friday. The business’s fifty day moving average is $50.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.76 and a current ratio of 0.86. The stock has a market capitalization of $66.29 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 1.80 and a beta of 1.39. Sony has a twelve month low of $41.91 and a twelve month high of $61.02.

Sony (NYSE:SNE) last posted its earnings results on Friday, April 26th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.43. The company had revenue of $2,127.50 billion during the quarter, compared to analyst estimates of $2,040.96 billion. Sony had a return on equity of 21.78% and a net margin of 10.54%. Sony’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $41.20 earnings per share. Research analysts anticipate that Sony will post 3.77 earnings per share for the current year.

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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