Sony Corporation (NYSE:SONY – Get Free Report) has received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $22.00.
SONY has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sony in a research report on Monday, August 17th. Zacks Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Benchmark reaffirmed a “buy” rating on shares of Sony in a research note on Monday, August 3rd. Finally, Wall Street Zen lowered shares of Sony from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th.
View Our Latest Analysis on Sony
Insider Activity at Sony
Institutional Trading of Sony
Several institutional investors have recently added to or reduced their stakes in SONY. Fisher Asset Management LLC grew its stake in shares of Sony by 4.1% during the fourth quarter. Fisher Asset Management LLC now owns 108,981,588 shares of the company’s stock valued at $2,789,929,000 after buying an additional 4,337,062 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Sony by 9.1% during the 1st quarter. Bank of America Corp DE now owns 16,992,579 shares of the company’s stock worth $351,746,000 after acquiring an additional 1,413,785 shares during the last quarter. Capital International Investors boosted its holdings in Sony by 23.1% during the 4th quarter. Capital International Investors now owns 7,446,889 shares of the company’s stock valued at $191,534,000 after acquiring an additional 1,397,271 shares during the period. Royal Bank of Canada boosted its holdings in Sony by 10.7% during the 4th quarter. Royal Bank of Canada now owns 6,778,922 shares of the company’s stock valued at $173,539,000 after acquiring an additional 657,655 shares during the period. Finally, Capital World Investors grew its position in Sony by 1.5% in the 4th quarter. Capital World Investors now owns 5,076,516 shares of the company’s stock valued at $129,973,000 after acquiring an additional 74,768 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.
Sony Price Performance
Shares of NYSE:SONY traded up $0.40 during mid-day trading on Monday, reaching $24.32. The stock had a trading volume of 511,444 shares, compared to its average volume of 6,007,665. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The company has a market cap of $143.65 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92. Sony has a 1 year low of $19.32 and a 1 year high of $30.34. The business’s 50 day moving average price is $21.65 and its 200 day moving average price is $21.55.
Sony (NYSE:SONY – Get Free Report) last announced its quarterly earnings results on Saturday, August 1st. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. Sony had a positive return on equity of 13.06% and a negative net margin of 2.00%.The company had revenue of $17.45 billion during the quarter, compared to analyst estimates of $17.17 billion. During the same period in the prior year, the company earned $42.84 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. Research analysts expect that Sony will post 1.41 EPS for the current fiscal year.
About Sony
Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.
Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.
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