Jefferies analyst Atul Goyal reiterated a Buy rating on Sony Corp (NYSE: SNE) today and set a price target of $75.09. The company’s shares opened today at $53.72, close to its 52-week high of $55.82.
Goyal has an average return of 21.8% when recommending Sony Corp.
According to TipRanks.com, Goyal is ranked #1108 out of 4857 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sony Corp with a $75.09 average price target.
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Sony Corp’s market cap is currently $68.83B and has a P/E ratio of 12.01. The company has a Price to Book ratio of 2.36.
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Sony Corp. engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals and industrial markets. Its operations are carried out through the following segments: Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Semiconductors, Components, Pictures, Music, Financial Services and Others. The Mobile Communications and Game & Network Services segment provides the production, acquisition and distribution of motion pictures and television programming, and the operation of television and digital networks. The Imaging Products & Solutions, Home Entertainment & Sound, Semiconductors, Components, Pictures and Music segment provides the development, production, manufacture and distribution of recorded music, and the management and licensing of the words and music of songs. The Financial Services and Others segment is engaged in the various financial services businesses which includes life and non-life insurance operations, through its Japanese insurance subsidiaries and banking operations through a Japanese Internet-based banking subsidiary. The company was founded by Akio Morita and Masaru Ibuka on May 7, 1946 and is headquartered in Tokyo, Japan.
