ValuEngine Upgrades Sony (NYSE:SNE) to Sell

ValuEngine upgraded shares of Sony (NYSE:SNE) from a strong sell rating to a sell rating in a research note published on Tuesday, April 9th, ValuEngine reports.

SNE has been the topic of several other reports. Zacks Investment Research raised shares of Sony from a hold rating to a buy rating and set a $54.00 price target on the stock in a report on Monday, March 4th. CLSA reiterated a buy rating on shares of Sony in a research note on Friday, March 22nd. Macquarie downgraded shares of Sony from an outperform rating to a neutral rating in a research note on Friday, February 1st. Finally, Jefferies Financial Group downgraded shares of Sony from a buy rating to a hold rating and lowered their price objective for the stock from $77.62 to $44.04 in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $50.32.

SNE stock traded up $0.79 during trading on Tuesday, hitting $52.25. 2,699,043 shares of the company’s stock traded hands, compared to its average volume of 1,546,729. The firm has a market cap of $66.02 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 1.82 and a beta of 1.39. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 0.13. Sony has a 1 year low of $41.91 and a 1 year high of $61.02.

Sony (NYSE:SNE) last issued its quarterly earnings data on Friday, April 26th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.43. Sony had a net margin of 10.54% and a return on equity of 21.78%. The company had revenue of $2,127.50 billion for the quarter, compared to analyst estimates of $2,040.96 billion. During the same period last year, the company posted $41.20 earnings per share. Sony’s revenue was up 9.0% compared to the same quarter last year. Analysts anticipate that Sony will post 5.16 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Enlightenment Research LLC acquired a new position in Sony during the fourth quarter valued at $34,000. Massey Quick Simon & CO. LLC acquired a new position in Sony during the first quarter valued at $42,000. Truvestments Capital LLC acquired a new position in Sony during the first quarter valued at $48,000. NumerixS Investment Technologies Inc acquired a new position in Sony during the fourth quarter valued at $53,000. Finally, Investors Research Corp acquired a new position in Sony during the first quarter valued at $57,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

Sony Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Sony (NYSE:SNE)

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