Sony Corp (SNE) Receives $85.29 Consensus Target Price from Brokerages

Shares of Sony Corp (NYSE:SNE) have been assigned an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $85.29.

SNE has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Sony from a “sell” rating to a “hold” rating and set a $63.00 target price on the stock in a report on Friday, August 3rd. Credit Suisse Group upgraded shares of Sony from a “neutral” rating to an “outperform” rating in a research note on Monday, September 10th. ValuEngine upgraded shares of Sony from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Finally, Piper Jaffray Companies restated an “overweight” rating on shares of Sony in a research note on Friday, October 19th.

Several large investors have recently made changes to their positions in SNE. Bank of New York Mellon Corp increased its stake in shares of Sony by 639.4% in the third quarter. Bank of New York Mellon Corp now owns 1,807,688 shares of the company’s stock valued at $109,636,000 after purchasing an additional 1,563,202 shares during the period. Boston Partners acquired a new position in shares of Sony during the second quarter valued at approximately $71,195,000. KEYWISE CAPITAL MANAGEMENT Ltd increased its stake in shares of Sony by 966.3% during the third quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 844,500 shares of the company’s stock valued at $51,219,000 after acquiring an additional 765,300 shares during the period. Bank of America Corp DE increased its stake in shares of Sony by 20.8% during the second quarter. Bank of America Corp DE now owns 4,111,969 shares of the company’s stock valued at $210,780,000 after acquiring an additional 709,208 shares during the period. Finally, LMR Partners LLP acquired a new position in shares of Sony during the second quarter valued at approximately $21,785,000. Institutional investors own 7.66% of the company’s stock.

NYSE SNE traded down $0.83 during trading hours on Friday, reaching $49.69. The company’s stock had a trading volume of 362,603 shares, compared to its average volume of 1,143,565. The company has a quick ratio of 0.79, a current ratio of 0.92 and a debt-to-equity ratio of 0.13. Sony has a 52 week low of $44.37 and a 52 week high of $61.02. The stock has a market capitalization of $63.83 billion, a P/E ratio of 15.10, a P/E/G ratio of 1.11 and a beta of 1.63.

Sony (NYSE:SNE) last issued its earnings results on Tuesday, October 30th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.29. Sony had a net margin of 7.70% and a return on equity of 17.19%. The firm had revenue of $19.58 billion for the quarter. As a group, equities research analysts expect that Sony will post 4.54 earnings per share for the current year.

About Sony

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.

Featured Article: Why investors pay attention to retained earnings

Analyst Recommendations for Sony (NYSE:SNE)

Receive News & Ratings for Sony Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply