ValuEngine Downgrades Sony (SNE) to Sell

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ValuEngine downgraded shares of Sony (NYSE:SNE) from a hold rating to a sell rating in a research report report published on Monday.

Several other research firms also recently weighed in on SNE. Zacks Investment Research downgraded shares of Sony from a buy rating to a hold rating in a report on Tuesday, October 16th. Credit Suisse Group upgraded shares of Sony from a neutral rating to an outperform rating in a report on Monday, September 10th. Finally, Piper Jaffray Companies restated an overweight rating on shares of Sony in a report on Friday, October 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Sony has an average rating of Hold and an average target price of $74.15.

SNE traded down $0.17 during trading on Monday, hitting $50.97. 2,557 shares of the company’s stock were exchanged, compared to its average volume of 1,148,881. The company has a current ratio of 0.92, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. Sony has a fifty-two week low of $44.37 and a fifty-two week high of $61.02. The company has a market cap of $65.11 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.13 and a beta of 1.63.

Several hedge funds have recently made changes to their positions in the company. Chicago Partners Investment Group LLC raised its holdings in shares of Sony by 60.3% in the second quarter. Chicago Partners Investment Group LLC now owns 2,380 shares of the company’s stock valued at $122,000 after purchasing an additional 895 shares during the last quarter. Eqis Capital Management Inc. raised its holdings in shares of Sony by 1.1% in the second quarter. Eqis Capital Management Inc. now owns 90,087 shares of the company’s stock valued at $4,618,000 after purchasing an additional 988 shares during the last quarter. Wetherby Asset Management Inc. increased its holdings in Sony by 4.4% during the third quarter. Wetherby Asset Management Inc. now owns 29,545 shares of the company’s stock worth $1,792,000 after buying an additional 1,254 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Sony by 10.7% during the third quarter. Pacer Advisors Inc. now owns 13,157 shares of the company’s stock worth $798,000 after buying an additional 1,269 shares during the last quarter. Finally, Marietta Investment Partners LLC increased its holdings in Sony by 3.0% during the second quarter. Marietta Investment Partners LLC now owns 43,847 shares of the company’s stock worth $2,248,000 after buying an additional 1,292 shares during the last quarter. Institutional investors own 7.66% 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Sony (NYSE:SNE)

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