Shares of Sony Corp Ord (NYSE:SNE) have been assigned an average rating of “Buy” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $42.31.
Several research analysts recently issued reports on SNE shares. Zacks Investment Research upgraded shares of Sony Corp Ord from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a research note on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and set a $45.74 price objective on shares of Sony Corp Ord in a research note on Thursday, August 3rd. BidaskClub lowered shares of Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating on shares of Sony Corp Ord in a research note on Monday, May 1st.
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A number of hedge funds have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC raised its stake in Sony Corp Ord by 1.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 5,103 shares of the company’s stock worth $172,000 after buying an additional 53 shares in the last quarter. Bank of Montreal Can raised its stake in Sony Corp Ord by 0.3% in the second quarter. Bank of Montreal Can now owns 32,558 shares of the company’s stock worth $1,244,000 after buying an additional 87 shares in the last quarter. Raymond James Trust N.A. raised its stake in Sony Corp Ord by 1.8% in the second quarter. Raymond James Trust N.A. now owns 6,175 shares of the company’s stock worth $235,000 after buying an additional 111 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its stake in Sony Corp Ord by 0.9% in the first quarter. Jaffetilchin Investment Partners LLC now owns 14,805 shares of the company’s stock worth $499,000 after buying an additional 126 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its stake in Sony Corp Ord by 5.6% in the second quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock worth $105,000 after buying an additional 139 shares in the last quarter. Institutional investors and hedge funds own 6.94% of the company’s stock.
Sony Corp Ord (NYSE SNE) traded up 0.81% during trading on Tuesday, hitting $38.50. 1,065,933 shares of the stock were exchanged. The firm’s 50-day moving average is $39.68 and its 200 day moving average is $35.55. Sony Corp Ord has a 52 week low of $27.72 and a 52 week high of $41.65. The firm has a market cap of $48.63 billion, a PE ratio of 41.09 and a beta of 1.73.
Sony Corp Ord (NYSE:SNE) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.08. The company had revenue of $1,858.10 billion during the quarter, compared to analyst estimates of $1,735.86 billion. Sony Corp Ord had a net margin of 1.67% and a return on equity of 4.17%. Sony Corp Ord’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business earned $16.44 EPS. Analysts expect that Sony Corp Ord will post $2.18 earnings per share for the current fiscal year.
Sony Corp Ord Company Profile
Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.
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