Sony Corp (NYSE:SNE)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $51.67, but opened at $50.12. Sony shares last traded at $46.96, with a volume of 2578018 shares traded.
A number of equities analysts have recently commented on SNE shares. Jefferies Group reaffirmed a “buy” rating and set a $59.84 price objective on shares of Sony in a report on Friday, November 17th. Zacks Investment Research raised shares of Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a report on Tuesday, January 2nd. JPMorgan Chase & Co. cut shares of Sony from an “overweight” rating to a “neutral” rating in a research report on Tuesday, January 23rd. Finally, ValuEngine upgraded shares of Sony from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Sony has an average rating of “Buy” and an average price target of $48.19.
The company has a market capitalization of $60,340.00, a PE ratio of 12.35 and a beta of 1.55. The company has a quick ratio of 0.71, a current ratio of 0.92 and a debt-to-equity ratio of 0.16.
Institutional investors and hedge funds have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. acquired a new stake in Sony in the 4th quarter valued at about $109,000. Endurance Wealth Management Inc. increased its position in Sony by 1,028.3% in the 4th quarter. Endurance Wealth Management Inc. now owns 4,389 shares of the company’s stock valued at $197,000 after acquiring an additional 4,000 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in Sony in the 4th quarter valued at about $203,000. SeaCrest Wealth Management LLC acquired a new stake in Sony in the 4th quarter valued at about $207,000. Finally, KCS Wealth Advisory acquired a new stake in Sony in the 4th quarter valued at about $219,000. Hedge funds and other institutional investors own 6.80% of the company’s stock.
Sony Company Profile
Sony Corporation (Sony) is engaged 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 Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Semiconductors, Component, Films, Music, Financial Services and All Other.
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