Sony Corporation (NYSE:SONY) Receives $33.00 Average Target Price from Brokerages

Sony Corporation (NYSE:SONY) has received a consensus recommendation of “Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $33.00.

Several research firms have recently commented on SONY. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sony in a research note on Wednesday, October 8th. Cfra Research upgraded shares of Sony to a “moderate buy” rating in a research note on Friday, October 10th. Finally, Zacks Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th.

Sony Stock Down 1.7%

SONY opened at $27.71 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. Sony has a 1-year low of $17.56 and a 1-year high of $30.28. The company has a market capitalization of $167.58 billion, a PE ratio of 21.99 and a beta of 0.95. The firm’s 50 day simple moving average is $28.76 and its two-hundred day simple moving average is $26.59.

Sony (NYSE:SONY) last announced its earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. Sony had a return on equity of 13.88% and a net margin of 9.14%.The company had revenue of $17.79 billion for the quarter, compared to analysts’ expectations of $18.88 billion. During the same period last year, the firm earned $189.90 EPS. Sony has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Sony will post 1.23 EPS for the current year.

Institutional Investors Weigh In On Sony

A number of institutional investors and hedge funds have recently bought and sold shares of SONY. Sound Income Strategies LLC bought a new stake in Sony during the 3rd quarter valued at approximately $25,000. NewSquare Capital LLC bought a new stake in shares of Sony during the second quarter valued at approximately $28,000. GPS Wealth Strategies Group LLC raised its position in shares of Sony by 220.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,148 shares of the company’s stock valued at $30,000 after buying an additional 790 shares during the last quarter. Country Trust Bank bought a new stake in shares of Sony during the second quarter valued at approximately $30,000. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in Sony in the 1st quarter valued at $31,000. 14.05% of the stock is owned by institutional investors.

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.