Analysts Watch Sony Corp Ord (NYSE:SNE) And Issue New Targets

Remigio Civitarese
Ottobre 22, 2017

A number of other brokerages have also recently commented on SNE. Citigroup Inc. cut Sony Corp Ord from a "buy" rating to a "neutral" rating and lowered their price target for the company from $40.60 to $39.93 in a report on Monday, September 11th. Zacks Investment Research raised shares of Sony Corp Ord from a "hold" rating to a "strong-buy" rating and set a $47.00 target price for the company in a research report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a "buy" rating and issued a $45.74 target price on shares of Sony Corp Ord in a research report on Thursday, August 3rd. BidaskClub raised Sony Corp Ord from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, June 27th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. The company presently has an average rating of "Buy" and a consensus price target of $43.42. Highland Capital Management LLC now owns 85,105 shares of the company's stock valued at $2,094,000 after buying an additional 9,000 shares during the last quarter. The stock has a market capitalization of $47.43 billion, a price-to-earnings ratio of 39.40 and a beta of 1.75. It is trading at $37.54 barely below $37.89, the stock's 50 day moving average and which is just over the 200 day moving average of $37.29.

Sony Corp Ord (NYSE SNE) opened at 37.55 on Friday. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. Sony Corp Ord's revenue for the quarter was down 10.8% compared to the same quarter past year. The firm had revenue of $1,858.10 billion during the quarter, compared to the consensus estimate of $1,735.86 billion. During the same quarter in the prior year, the business earned $26.10 earnings per share. The firm's revenue was up 15.2% compared to the same quarter previous year. On average, analysts anticipate that Sony Corp Ord will post $2.21 EPS for the current year. If you are reading this story on another publication, it was illegally stolen and reposted in violation of worldwide copyright and trademark law. If you are viewing this news story on another website, it was illegally copied and republished in violation of USA & worldwide copyright & trademark laws. The original version of this news story can be read at https://stocknewstimes.com/2017/10/21/sony-corp-ord-sne-lowered-to-equal-weight-at-morgan-stanley.html.

07/06/2016 - Sony Corp Ord was upgraded to "buy" by analysts at Deutsche Bank. Bank of New York Mellon Corp now owns 816,725 shares of the company's stock valued at $31,191,000 after buying an additional 419,493 shares during the period. The 50 day moving average went down by -0.93% and the 200 day average went up $0.25 or +0.67%.

As of the end of the quarter Advisory Services Network, LLC had acquired 8,934 shares growing its stake by 1,359.8%.

The share price of the company (NYSE:SNE) was up +0.29%, with a high of 37.68 during the day and the volume of Sony Corp Ord shares traded was 556241. Northern Trust Corp now owns 1,114,925 shares of the company's stock valued at $42,579,000 after buying an additional 3,463 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Sony Corp Ord by 0.6% during the second quarter. Columbia Asset Management raised its position in Sony Corp Ord by 11.8% during the second quarter. Hedge funds and other institutional investors own 6.54% of the company's stock.

Sony Corporation (Sony), launched on May 7, 1946, is involved 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 Business's segments include Mobile Communications (MC), Game & Network Services (G&NS), Imaging Products & Solutions (IP&S), Home Entertainment & Sound (HE&S), Devices, Pictures, Music, Financial Services and All Other.

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