Sony Corporation (SNE): Technical Analysis and analyst Ratings


Sony Corporation (NYSE:SNE) changes shares on Tuesday trading session, with a change of 2.58% or $2.1 shares. The trading starts at $83.56 and closed at $81.27 throughout the day. The trading session low price was $82.51 and day high was $84.145 on Tuesday, August 04. After the session, the Technology sector daily volume shifted to 1.7 million while its average volume is 1.25M. In other hand, the SNE market cap reached to $105.20B. While, its current target price is $76.69.

On August 4, 2020, Sony posts milder-than-expected first quarter operating profit fall on gaming demand. According to the news reported on Reuters, Japan’s Sony Corp <6758.T> surprised the market on Tuesday by reporting just a 1.1% profit fall for the cornonavirus-hit first quarter, as its gaming business thrived while consumers locked down at home looked for entertainment and downloaded more games.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 7.41% and up 18.21% for month. Its quarterly performance was 31.52% above, while its half year performance is up 14.21%. SNE yearly performance stood at positive 55.40% and rise 22.60% for year-to-date. Current recommendation for Sony Corporation is 1.20.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SNE EPS (TTM) for 12-month is 4.40. EPS for this year is -34.80%, while for the next year its value is 4.62. Its EPS Q/Q reached -85.20%. It has an EPS of 43.50% up for past five years and for the next five years will be down -14.50%.

Let’s take a look on the analyst recommendations on SNE for the current month and previous month. For the current month, 22 of 23 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 23 analysts participate in stock recommendation. Out of 23, 0 rated it sell, 21 rated it as Buy and 2 as Hold Ratings. On the other hand, target price ranges from $70.00 – $126.70. Average target price for SNE was reached at $88.66.

Primecap Management Company, Aristotle Capital Management, LLC and Bank of America Corporation are the top three holders in Sony Corporation (SNE) stock. On Mar 30, 2020, Primecap Management Company has 35.08 million shares which valued 2.08 billion. On Mar 30, 2020, Aristotle Capital Management, LLC owned 10.93 million shares which valued at 646.68 million. On Mar 30, 2020, Bank of America Corporation has a total of 4.35 million shares which valued at 257.33 million. In the end, Bank of America Corporation have 3.85% shares outstanding of Sony Corporation (SNE) on Mar 30, 2020. The institutional holding shifted to 7.90%.

The company posted an EPS (TTM) of 4.40. According to the most recent quarter report on (Jun 2020), 2 analysts estimated an average EPS of 0.44, while 1.08 EPS posted a year ago period. Analyst Estimated EPS for SNE published in the report was $0.26 – $0.62 during the same period. Comparing with last year, the average estimated EPS was 1.08 which is higher than 0.1 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SNE rise 26.49% for period of 200 days. SMA for 50 days was 16.72% which is showing green signal, while SMA-20 was 9.63%. The moving average value for Sony Corporation (SNE) is 2.51M and 0.24% for 200 and 50 days respectively.