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

Shares of Sony Corporation (NYSE:SONY) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $28.00.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Sony in a research note on Saturday, September 27th.

Sony Price Performance

Shares of SONY opened at $28.96 on Friday. The business’s fifty day moving average is $27.76 and its 200 day moving average is $25.93. Sony has a 12-month low of $17.42 and a 12-month high of $30.25. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. The stock has a market cap of $175.11 billion, a P/E ratio of 22.98 and a beta of 0.95.

Sony (NYSE:SONY) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Sony had a net margin of 9.14% and a return on equity of 13.88%. The firm had revenue of $17.79 billion for the quarter, compared to analyst estimates of $18.88 billion. During the same period last year, the firm earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Sony will post 1.23 earnings per share for the current fiscal year.

Institutional Trading of Sony

Several institutional investors have recently made changes to their positions in the company. Fisher Asset Management LLC lifted its position in shares of Sony by 19.0% during the second quarter. Fisher Asset Management LLC now owns 101,878,066 shares of the company’s stock valued at $2,651,886,000 after purchasing an additional 16,280,542 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Sony during the 1st quarter worth approximately $78,905,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Sony by 4,056.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,973,638 shares of the company’s stock worth $50,269,000 after buying an additional 1,926,156 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Sony by 702.4% in the first quarter. 1832 Asset Management L.P. now owns 1,318,299 shares of the company’s stock valued at $33,472,000 after acquiring an additional 1,154,010 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Sony by 124.5% during the first quarter. Ameriprise Financial Inc. now owns 2,060,705 shares of the company’s stock valued at $52,814,000 after acquiring an additional 1,142,849 shares during the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Company Profile

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.