Favorable News Coverage Very Likely to Impact Sony (SNE) Share Price

News coverage about Sony (NYSE:SNE) has trended positive recently, according to InfoTrie. InfoTrie identifies negative and positive press coverage by monitoring more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Sony earned a daily sentiment score of 2.14 on their scale. InfoTrie also gave media headlines about the company an news buzz score of 8 out of 10, meaning that recent press coverage is very likely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have impacted Sony’s analysis:

Several brokerages recently commented on SNE. Macquarie cut Sony from an “outperform” rating to a “neutral” rating in a report on Friday, February 1st. Jefferies Financial Group cut Sony from a “buy” rating to a “hold” rating and dropped their target price for the stock from $77.62 to $44.04 in a report on Wednesday, March 20th. Zacks Investment Research cut Sony from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. ValuEngine cut Sony from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Finally, CLSA reissued a “buy” rating on shares of Sony in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $50.32.

Shares of NYSE:SNE opened at $47.31 on Tuesday. Sony has a 12 month low of $41.91 and a 12 month high of $61.02. The company has a market cap of $58.44 billion, a P/E ratio of 14.38, a PEG ratio of 2.01 and a beta of 1.33. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.12.

Sony (NYSE:SNE) last posted its quarterly earnings results on Friday, February 1st. The company reported $2.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $1.03. The firm had revenue of $2,401.81 billion for the quarter, compared to analyst estimates of $2,676.17 billion. Sony had a net margin of 9.48% and a return on equity of 20.21%. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $234.08 earnings per share. As a group, analysts anticipate that Sony will post 6.07 earnings per share for the current fiscal year.

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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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