Sony Corp (NYSE:SNE) Receives Average Recommendation of “Buy” from Brokerages

Sony Corp (NYSE:SNE) has been assigned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $52.91.

SNE has been the topic of several recent research reports. Zacks Investment Research lowered Sony from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. ValuEngine upgraded Sony from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Macquarie upgraded Sony from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group upgraded Sony from a “hold” rating to a “buy” rating in a research report on Monday, April 15th.

Shares of Sony stock traded down $0.24 during trading on Wednesday, hitting $56.86. 1,441,800 shares of the stock traded hands, compared to its average volume of 1,566,783. 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 company has a market capitalization of $71.84 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38. The business has a fifty day simple moving average of $53.81. Sony has a 52 week low of $41.91 and a 52 week high of $61.02.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Arlington Partners LLC bought a new stake in shares of Sony in the 2nd quarter worth approximately $30,000. Massey Quick Simon & CO. LLC purchased a new position in shares of Sony in the 1st quarter valued at approximately $42,000. Truvestments Capital LLC purchased a new position in shares of Sony in the 1st quarter valued at approximately $48,000. Zions Bancorporation N.A. purchased a new position in shares of Sony in the 1st quarter valued at approximately $54,000. Finally, Investors Research Corp purchased a new position in shares of Sony in the 1st quarter valued at approximately $57,000. Institutional investors and hedge funds own 7.84% of the company’s stock.

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.

Featured Article: How are Outstanding Shares Different from Authorized Shares?

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.