Analysts Set Sony Corp Ord (SNE) Target Price at $43.42
Sony Corp Ord (NYSE:SNE) has been assigned an average recommendation of “Buy” from the ten analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $43.42.
A number of analysts recently issued reports on the company. Citigroup Inc. downgraded Sony Corp Ord from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $40.60 to $39.93 in a research report on Monday, September 11th. Zacks Investment Research upgraded 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 report on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and issued a $45.74 price target on shares of Sony Corp Ord in a research report on Thursday, August 3rd. BidaskClub upgraded Sony Corp Ord from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Finally, Credit Suisse Group downgraded Sony Corp Ord from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 19th.
Hedge funds have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC increased 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 purchasing an additional 139 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in Sony Corp Ord in the second quarter worth $119,000. Parallax Volatility Advisers L.P. increased its stake in Sony Corp Ord by 206.3% in the second quarter. Parallax Volatility Advisers L.P. now owns 4,354 shares of the company’s stock worth $166,000 after purchasing an additional 8,451 shares during the period. Opes Advisors Inc purchased a new stake in Sony Corp Ord in the second quarter worth $206,000. Finally, Cookson Peirce & Co. Inc. purchased a new stake in Sony Corp Ord in the second quarter worth $201,000. Institutional investors and hedge funds own 6.54% of the company’s stock.
Shares of Sony Corp Ord (NYSE SNE) traded up 1.38% on Wednesday, hitting $36.82. 579,273 shares of the company traded hands. The firm’s 50 day moving average price is $38.06 and its 200-day moving average price is $37.18. The stock has a market capitalization of $46.51 billion, a price-to-earnings ratio of 38.64 and a beta of 1.75. Sony Corp Ord has a 1-year low of $27.72 and a 1-year high of $41.65.
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 analysts’ consensus estimates of $0.48 by $0.08. The company had revenue of $1,858.10 billion during the quarter, compared to the consensus estimate of $1,735.86 billion. Sony Corp Ord had a return on equity of 4.17% and a net margin of 1.67%. Sony Corp Ord’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the company earned $16.44 earnings per share. On average, equities research analysts expect that Sony Corp Ord will post $2.21 earnings per share for the current year.
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About Sony Corp Ord
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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