Sony Corp Ord (NYSE:SNE) – Investment analysts at Jefferies Group raised their FY2020 earnings per share estimates for shares of Sony Corp Ord in a research note issued to investors on Monday. Jefferies Group analyst A. Goyal now anticipates that the company will post earnings of $3.75 per share for the year, up from their previous estimate of $3.42. Jefferies Group has a “Buy” rating and a $45.74 price objective on the stock.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Sony Corp Ord from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Morgan Stanley lowered Sony Corp Ord from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 11th. Credit Suisse Group lowered Sony Corp Ord from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 19th. Finally, Citigroup Inc. lowered Sony Corp Ord from a “buy” rating to a “neutral” rating and dropped their price target for the company from $40.60 to $39.93 in a research report on Monday, September 11th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $43.42.
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Sony Corp Ord (NYSE SNE) traded down $0.14 on Tuesday, hitting $46.08. The stock had a trading volume of 972,800 shares, compared to its average volume of 854,028. The company has a quick ratio of 0.71, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. Sony Corp Ord has a 52-week low of $27.72 and a 52-week high of $47.59. The stock has a market capitalization of $57,890.00, a PE ratio of 25.97 and a beta of 1.81.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNE. Ameriprise Financial Inc. boosted its position in shares of Sony Corp Ord by 256.4% during the third quarter. Ameriprise Financial Inc. now owns 1,018,618 shares of the company’s stock valued at $37,772,000 after purchasing an additional 732,847 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Sony Corp Ord by 56.2% in the second quarter. Renaissance Technologies LLC now owns 1,770,826 shares of the company’s stock worth $67,628,000 after acquiring an additional 636,926 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Sony Corp Ord by 68.9% in the third quarter. Bank of New York Mellon Corp now owns 1,379,352 shares of the company’s stock worth $51,505,000 after acquiring an additional 562,627 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Sony Corp Ord in the third quarter worth $16,993,000. Finally, Conatus Capital Management LP bought a new stake in Sony Corp Ord in the second quarter worth $13,837,000. Institutional investors own 6.69% of the company’s stock.
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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