Sony Corporation (NYSE:SONY) Given Average Recommendation of "Buy" by Brokerages

Shares of Sony Corporation (NYSE:SONY - Get Free Report) have been assigned a consensus recommendation of "Buy" from the six research firms that are currently covering the company, Marketbeat.com reports. One research 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 12 month target price among brokers that have issued ratings on the stock in the last year is $28.00.

A number of equities research analysts recently commented on the company. The Goldman Sachs Group started coverage on Sony in a research note on Tuesday, March 25th. They set a "buy" rating for the company. Wolfe Research restated a "peer perform" rating on shares of Sony in a report on Monday, April 7th. Wall Street Zen cut Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Oppenheimer reiterated an "outperform" rating and issued a $33.00 price target (up from $25.00) on shares of Sony in a research report on Thursday, February 20th.

Sony Trading Down 1.7%

Sony stock traded down $0.44 during mid-day trading on Friday, hitting $25.66. The stock had a trading volume of 4,486,680 shares, compared to its average volume of 4,392,209. The stock has a 50-day simple moving average of $25.21 and a two-hundred day simple moving average of $23.49. 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 stock has a market capitalization of $155.15 billion, a PE ratio of 20.79, a P/E/G ratio of 12.62 and a beta of 0.96. Sony has a 12 month low of $15.86 and a 12 month high of $26.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in Sony by 422.0% during the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company's stock worth $421,000 after purchasing an additional 16,094 shares in the last quarter. Stephens Inc. AR boosted its holdings in shares of Sony by 371.0% in the fourth quarter. Stephens Inc. AR now owns 14,303 shares of the company's stock valued at $303,000 after buying an additional 11,266 shares during the period. Kestra Private Wealth Services LLC bought a new stake in shares of Sony during the fourth quarter worth $1,041,000. Savant Capital LLC bought a new stake in shares of Sony during the fourth quarter worth $304,000. Finally, Certuity LLC raised its holdings in shares of Sony by 450.7% during the fourth quarter. Certuity LLC now owns 13,012 shares of the company's stock worth $275,000 after acquiring an additional 10,649 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

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.