Sony Corporation (NYSE:SONY) Given Consensus Rating of "Buy" by Analysts

Key Points

• Sony Corporation (NYSE:SONY) has received a consensus rating of "Buy" from six brokerages, with four analysts issuing buy ratings and one giving a strong buy rating.
• The average one-year price target for Sony's stock among analysts is $28.00, as the stock currently trades around $24.39.
• Institutional investors have notably increased their holdings in Sony, with one firm raising its position by 422% in the last quarter alone.

Shares of Sony Corporation (NYSE:SONY - Get Free Report) have been assigned an average rating of "Buy" from the six analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $28.00.

SONY has been the topic of a number of research reports. Wolfe Research reiterated a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Wall Street Zen downgraded shares of Sony from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.

Institutional Trading of Sony

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aristotle Capital Management LLC raised its holdings in shares of Sony by 393.7% during the fourth quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock valued at $1,116,653,000 after acquiring an additional 42,083,842 shares during the period. Bank of America Corp DE raised its holdings in shares of Sony by 377.7% during the fourth quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock valued at $503,713,000 after acquiring an additional 18,821,902 shares during the period. Fiduciary Management Inc. WI raised its holdings in shares of Sony by 377.2% during the fourth quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock valued at $218,382,000 after acquiring an additional 8,157,776 shares during the period. Mondrian Investment Partners LTD raised its holdings in shares of Sony by 358.2% during the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock valued at $223,039,000 after acquiring an additional 7,925,643 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Sony by 609.6% during the fourth quarter. Northern Trust Corp now owns 7,587,683 shares of the company's stock valued at $160,555,000 after acquiring an additional 6,518,412 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Sony Stock Performance

NYSE:SONY traded up $0.07 during mid-day trading on Friday, hitting $24.39. The stock had a trading volume of 4,949,700 shares, compared to its average volume of 4,285,671. The stock has a market capitalization of $147.50 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 11.89 and a beta of 0.91. The company has a 50 day simple moving average of $25.38 and a 200-day simple moving average of $24.37. Sony has a 52 week low of $15.96 and a 52 week high of $26.94. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24.

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.