Sony Corporation (NYSE:SONY) Receives Average Recommendation of "Buy" from Analysts

Shares of Sony Corporation (NYSE:SONY - Get Free Report) have been given a consensus recommendation of "Buy" by the six analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $28.00.

A number of research analysts have recently weighed in on SONY shares. Wall Street Zen lowered Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group initiated coverage on Sony in a research report on Tuesday, March 25th. They set a "buy" rating for the company. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Sony in a report on Monday, April 7th.

Sony Trading Down 0.2%

Shares of SONY stock opened at $25.24 on Wednesday. Sony has a 12-month low of $15.96 and a 12-month high of $26.95. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The firm's 50 day moving average is $25.61 and its 200 day moving average is $23.93. The stock has a market capitalization of $152.64 billion, a P/E ratio of 20.45, a P/E/G ratio of 12.16 and a beta of 0.94.

Hedge Funds Weigh In On Sony

Institutional investors have recently added to or reduced their stakes in the stock. Capital Investment Advisory Services LLC raised its position in Sony by 3.1% in the first quarter. Capital Investment Advisory Services LLC now owns 12,977 shares of the company's stock valued at $329,000 after purchasing an additional 392 shares during the period. Stonegate Investment Group LLC grew its stake in Sony by 2.6% during the 1st quarter. Stonegate Investment Group LLC now owns 16,898 shares of the company's stock worth $429,000 after purchasing an additional 433 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in Sony by 9.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 5,333 shares of the company's stock worth $135,000 after purchasing an additional 442 shares in the last quarter. First Foundation Advisors boosted its position in shares of Sony by 3.4% during the 1st quarter. First Foundation Advisors now owns 14,543 shares of the company's stock worth $369,000 after acquiring an additional 478 shares in the last quarter. Finally, Naviter Wealth LLC boosted its position in shares of Sony by 0.4% during the 1st quarter. Naviter Wealth LLC now owns 138,840 shares of the company's stock worth $3,483,000 after acquiring an additional 530 shares in the last quarter. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.