Analysts Set Sony Corporation (NYSE:SONY) PT at $28.00

Sony Corporation (NYSE:SONY) has received a consensus rating of “Buy” from the six research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $28.00.

A number of analysts have recently commented on the company. Oppenheimer reissued an “outperform” rating and issued a $33.00 price target (up from $25.00) on shares of Sony in a research report on Thursday, February 20th. Wall Street Zen downgraded Sony from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Wolfe Research reaffirmed a “peer perform” rating on shares of Sony in a research report on Monday, April 7th. Finally, The Goldman Sachs Group initiated coverage on shares of Sony in a research report on Tuesday, March 25th. They set a “buy” rating on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bfsg LLC acquired a new stake in Sony during the 4th quarter worth about $6,125,000. Forum Financial Management LP boosted its stake in shares of Sony by 536.0% in the fourth quarter. Forum Financial Management LP now owns 115,250 shares of the company’s stock worth $2,439,000 after buying an additional 97,130 shares during the last quarter. West Family Investments Inc. grew its holdings in Sony by 392.9% during the fourth quarter. West Family Investments Inc. now owns 26,725 shares of the company’s stock worth $566,000 after acquiring an additional 21,303 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in Sony by 435.8% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 582,400 shares of the company’s stock worth $12,323,000 after acquiring an additional 473,700 shares during the period. Finally, Sage Rhino Capital LLC raised its position in Sony by 404.1% during the fourth quarter. Sage Rhino Capital LLC now owns 24,829 shares of the company’s stock valued at $525,000 after acquiring an additional 19,904 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Trading Up 0.8%

NYSE:SONY opened at $25.86 on Friday. The firm has a market capitalization of $156.36 billion, a P/E ratio of 20.95, a P/E/G ratio of 12.33 and a beta of 0.96. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $25.27 and a 200 day moving average of $23.51. Sony has a 52 week low of $15.96 and a 52 week high of $26.95.

About Sony

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.