Sony Corp (NYSE:SNE) gapped up prior to trading on Wednesday . The stock had previously closed at $47.40, but opened at $48.44. Sony shares last traded at $49.94, with a volume of 1848727 shares traded.

A number of equities research analysts have issued reports on the stock. ValuEngine lowered shares of Sony from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Macquarie raised shares of Sony from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 23rd. Jefferies Financial Group raised shares of Sony from a “hold” rating to a “buy” rating in a research note on Monday, April 15th. Zacks Investment Research lowered shares of Sony from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Finally, CLSA reaffirmed a “buy” rating on shares of Sony in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $50.32.

The company has a market cap of $61.21 billion, a price-to-earnings ratio of 7.77, a PEG ratio of 2.26 and a beta of 1.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.76 and a current ratio of 0.86.

Sony (NYSE:SNE) last announced its earnings results on Friday, April 26th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.43. The firm had revenue of $2,127.50 billion for the quarter, compared to analyst estimates of $2,040.96 billion. Sony had a net margin of 10.54% and a return on equity of 21.78%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $41.20 EPS. As a group, equities analysts predict that Sony Corp will post 3.97 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in SNE. Menora Mivtachim Holdings LTD. bought a new stake in shares of Sony during the 4th quarter valued at about $51,675,000. Renaissance Technologies LLC boosted its stake in shares of Sony by 43.7% during the 1st quarter. Renaissance Technologies LLC now owns 3,139,000 shares of the company’s stock valued at $132,591,000 after purchasing an additional 954,900 shares in the last quarter. Boston Partners boosted its stake in Sony by 32.3% during the first quarter. Boston Partners now owns 2,670,231 shares of the company’s stock worth $112,790,000 after acquiring an additional 651,491 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in Sony during the fourth quarter worth about $23,021,000. Finally, BlackRock Inc. boosted its stake in Sony by 88.0% during the first quarter. BlackRock Inc. now owns 875,143 shares of the company’s stock worth $36,966,000 after acquiring an additional 409,548 shares in the last quarter. 7.60% of the stock is currently owned by hedge funds and other institutional investors.

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Sony Company Profile (NYSE:SNE)

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.

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