Several brokerages working at Wall Street have predicted that the stocks of SNE will be reporting a sales sum of $18.19 billion over the current quarter. According to reports, two of the investment analysts have already issued estimates into the earnings of Sony- with the ball rolling at $16.96 billion- reaching all the way to $19.43 billion. The company also reported a sales sum of $16.06 billion the previous year- which is indicative of a positive annual growth rate of about 13.3%. The company will be uploading its next quarterly sales sum on the 12th of May.
Stock Commentary on SNE
There have been quite a few companies that have commented on the stocks of SNE. Citigroup has already reiterated their rating of buy which they had issued in a 9th October research note. Zacks Investment has decided to increase the rating of the company from a rating of hold to a rating of strong-buy. They further put up a price target of $112- in a 29th December research report. In the end, UBS Group went the other way to downgrade the rating of SNE from buy to neutral in a 13th October research note.
Two of the investment analysts have already given the stocks a rating of hold, while two others have issued SNE with a rating of buy. Currently, Sony enjoys a buy rating, with a $106 price target.
The stocks of SNE traded on Friday at $110.88. The moving price on average over the last 50 days is $100.49, while the moving average price of the company over the last 200 days is $86.54. The year low of the company is $50.94, while the year high has been set at $112.29. The firm enjoys a 0.93 current ratio, with a 0.84 quick ratio. The market cap of the firm has been set at $135.29 billion.
