Shares of Sony Corp Ord (NYSE:SNE) have received a consensus recommendation of “Buy” from the nine research firms that are currently covering the firm. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $36.88.
A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Sony Corp Ord from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. TheStreet downgraded Sony Corp Ord from a “buy” rating to a “hold” rating in a research note on Thursday, November 10th.
A number of hedge funds and other institutional investors have recently bought and sold shares of SNE. Acrospire Investment Management LLC increased its position in Sony Corp Ord by 72.2% in the third quarter. Acrospire Investment Management LLC now owns 3,340 shares of the company’s stock worth $111,000 after buying an additional 1,400 shares in the last quarter. Raymond James Trust N.A. bought a new position in Sony Corp Ord during the third quarter worth $208,000. Ronald Blue & Co. LLC bought a new position in Sony Corp Ord during the third quarter worth $210,000. National Asset Management Inc. bought a new position in Sony Corp Ord during the third quarter worth $222,000. Finally, Pacer Advisors Inc. bought a new position in Sony Corp Ord during the third quarter worth $222,000. Hedge funds and other institutional investors own 6.53% of the company’s stock.
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Shares of Sony Corp Ord (NYSE:SNE) traded down 0.16% on Friday, hitting $31.25. The company had a trading volume of 252,844 shares. Sony Corp Ord has a 12-month low of $20.97 and a 12-month high of $34.17. The company’s market capitalization is $39.45 billion. The firm has a 50-day moving average price of $30.48 and a 200 day moving average price of $31.22.
Sony Corp Ord (NYSE:SNE) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.25. The company earned $2,397.50 billion during the quarter, compared to the consensus estimate of $22.35 billion. Sony Corp Ord had a negative net margin of 0.52% and a negative return on equity of 1.27%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $95.33 earnings per share. Equities analysts expect that Sony Corp Ord will post $0.49 EPS for the current 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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