Science

Sony Corporation (SNE)'s Trend Up, Especially After Today's 52-Week High Milestone

After the giving short look at one day return of Sony Corporation it is observed that SNE reported down return of -5.75% in last trading session. Investors purchased 15,854 call options on the stock. This represents an increase of approximately 1,347% compared to the typical volume of 1,096 call options.

Several research firms recently commented on SNE. Cubist Systematic Strategies LLC now owns 13,135 shares of the company's stock worth $502,000 after purchasing an additional 231 shares in the last quarter. OxFORD Asset Management LLP now owns 308,557 shares of the company's stock worth $11,522,000 after buying an additional 163,905 shares during the period. Finally, New England Research & Management Inc. bought a new position in shares of Sony during the third quarter valued at $213,000. $51.40's average target is -1.13% below currents $51.99 stock price. Greenwood Capital Associates LLC purchased a new stake in shares of Sony during the fourth quarter worth $2,467,000. Institutional investors and hedge funds own 6.80% of the company's stock. Deltec Asset Management LLC's holdings in Sony were worth $4,394,000 at the end of the most recent reporting period.

Among 7 analysts covering Sony Corp (NYSE:SNE), 6 have Buy rating, 0 Sell and 1 Hold. JPMorgan Chase & Co. cut Sony from an "overweight" rating to a "neutral" rating in a research note on Tuesday, January 23rd. Finally, Morgan Stanley lowered Sony from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, October 11th. Jefferies Group reissued a buy rating and set a $59.84 price objective on shares of Sony in a research report on Friday, November 17th. Zacks Investment Research raised Sony from a hold rating to a strong-buy rating and set a $52.00 price objective for the company in a research report on Tuesday, January 2nd.

Looking at the Analyst Recommendations of the stock, 2 Analysts issued a Buy for MoSys, 0 gave Outperform, 0 analysts gave Hold Rating, 0 issued Underperform and 0 marked the stock as Sell. Sony now has a consensus rating of "Buy" and a consensus target price of $48.19.

Sony Corp (NYSE:SNE) shot up 3.7% on Monday after the company announced better than expected quarterly earnings. The firm has a market capitalization of $63,460.00, a P/E ratio of 28.57 and a beta of 1.55. The stock tapped a 52-week high of US$51.94 while the mean 12-month price target for the shares is US$55.

The company's Average Revenue Estimate for the current quarter is $17.36 Billion, while Low and High Revenue Estimates are $17.36 Billion and $17.36 Billion respectively.

Sony (NYSE:SNE) last issued its earnings results on Friday, February 2nd. The business had revenue of $2,672.32 billion during the quarter, compared to analysts' expectations of $2,560.40 billion. Net profit margin of Sony Corporation (SNE) was recorded at 3.1 percent, operating profit margin was 6.7 percent, while gross profit margin stands at 26.6 percent. The company's revenue for the quarter was up 11.5% compared to the same quarter previous year. Checchi Capital Advisers LLC now owns 9,631 shares of the company's stock worth $433,000 after buying an additional 2,232 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: This article was first posted by Registrar Journal and is the property of of Registrar Journal.

Sony Corporation is a part of Consumer Goods sector and belongs to Electronic Equipment industry.



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