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

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Sony Corp (NYSE:SNE) has received an average rating of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $52.91.

SNE has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Sony from a “hold” rating to a “buy” rating in a research note on Monday, April 15th. Zacks Investment Research upgraded shares of Sony from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Thursday, January 17th. CLSA restated a “buy” rating on shares of Sony in a research note on Friday, March 22nd. ValuEngine upgraded shares of Sony from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Macquarie cut shares of Sony from an “outperform” rating to a “neutral” rating in a research note on Friday, February 1st.

Several hedge funds and other institutional investors have recently bought and sold shares of SNE. Enlightenment Research LLC acquired a new stake in shares of Sony during the 4th quarter worth about $34,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Sony during the 1st quarter worth about $42,000. Truvestments Capital LLC acquired a new stake in shares of Sony during the 1st quarter worth about $48,000. Cresset Asset Management LLC acquired a new stake in shares of Sony during the 1st quarter worth about $52,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Sony during the 4th quarter worth about $53,000. Institutional investors own 7.60% of the company’s stock.

SNE stock traded up $1.43 during trading hours on Friday, reaching $49.87. The stock had a trading volume of 50,166 shares, compared to its average volume of 1,843,482. The stock has a market cap of $61.21 billion, a P/E ratio of 7.76, a P/E/G ratio of 2.26 and a beta of 1.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.76. Sony has a fifty-two week low of $41.91 and a fifty-two week high of $61.02.

Sony (NYSE:SNE) last announced its quarterly earnings results on Friday, April 26th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.43. The firm had revenue of $2,127.50 billion during the quarter, compared to analysts’ expectations of $2,040.96 billion. Sony had a net margin of 10.54% and a return on equity of 21.78%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $41.20 earnings per share. As a group, equities research analysts anticipate that Sony will post 3.97 EPS for the current fiscal 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.

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Analyst Recommendations for Sony (NYSE:SNE)

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