Breaking: Sony Corp (NYSE:SNE) Buy Rating Reiterated by Analysts at Jefferies Today; The Target Price per Share Given is $41.5000

June 15, 2017 - By Kurt Siggers

 Breaking: Sony Corp (NYSE:SNE) Buy Rating Reiterated by Analysts at Jefferies Today; The Target Price per Share Given is $41.5000

Sony Corp (NYSE:SNE) Rating Reaffirmed

New York: In analysts note revealed to investors on Friday morning, Jefferies reiterated their Buy rating on Sony Corp (NYSE:SNE) shares. They now have a $41.5000 target on the company. Jefferies’s target would suggest a potential upside of 11.38 % from the company’s previous close.

Sony Corp (ADR) (NYSE:SNE) Ratings Coverage

Among 5 analysts covering Sony Corp (NYSE:SNE), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sony Corp had 7 analyst reports since August 16, 2015 according to SRatingsIntel. The rating was upgraded by JP Morgan on Monday, April 24 to “Overweight”. On Wednesday, April 26 the stock rating was initiated by Bernstein with “Outperform”. The firm has “Buy” rating by TheStreet given on Monday, August 24. Deutsche Bank upgraded the stock to “Buy” rating in Wednesday, July 6 report. JP Morgan maintained the shares of SNE in report on Sunday, August 16 with “Overweight” rating. The firm has “Buy” rating by Nomura given on Friday, September 4. The company was downgraded on Thursday, April 21 by JP Morgan.

About 20,417 shares traded. Sony Corp (ADR) (NYSE:SNE) has risen 36.68% since June 15, 2016 and is uptrending. It has outperformed by 19.98% the S&P500.

Analysts await Sony Corp (ADR) (NYSE:SNE) to report earnings on August, 4. They expect $0.47 earnings per share, up 193.75 % or $0.31 from last year’s $0.16 per share. SNE’s profit will be $589.83M for 19.82 P/E if the $0.47 EPS becomes a reality. After $0.19 actual earnings per share reported by Sony Corp (ADR) for the previous quarter, Wall Street now forecasts 147.37 % EPS growth.

Sony Corporation is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The company has market cap of $46.76 billion. The Company’s divisions include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other. It has a 71.37 P/E ratio. It is engaged in the production, acquisition and distribution of motion pictures and television programming and the operation of television and digital networks.

More important recent Sony Corp (ADR) (NYSE:SNE) news were published by: Investorplace.com which released: “Why American Airlines Group Inc (AAL), Sony Corp (ADR) (SNE) and Tempur Sealy …” on January 30, 2017, also Investorplace.com published article titled: “Why Sony Corp (ADR) (SNE) Stock Should Ditch the Entertainment Biz”, 247Wallst.com published: “Sony Has Sold Over 60 Million PS4 Units Worldwide” on June 13, 2017. More interesting news about Sony Corp (ADR) (NYSE:SNE) was released by: Investorplace.com and their article: “Sony Corp ADR (SNE) Earnings Hit by PS4 Price Cut” with publication date: November 01, 2016.

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