Sony Corporation [NYSE: SNE] stock went on an upward path that rose over 2.68% on Wednesday, amounting to a one-week price increase of more than 5.64%. The company report on September 16, 2020 that Sony Celebrates 50 Years On The New York Stock Exchange.
Sony Corporation (NYSE: SNE) (hereafter “Sony” or “the company”) this week celebrates its 50th anniversary of becoming the first Japanese company to be listed on the New York Stock Exchange (hereafter “NYSE”) on September 17th, 1970. The NYSE listing marked the beginning for Sony as a global company, and since then, the company has grown to become a “creative entertainment company with a solid foundation of technology.”.
The decision to list Sony on the NYSE came from Sony co-founder Akio Morita, who believed that selling Sony stock in the U.S. was an important way to diversify funding sources and raise awareness of the Sony name among large numbers of shareholders and consumers. Since then, the company has learned a great deal from interacting with investors from around the world through the U.S. capital markets. By strengthening its involvement in the capital markets of the U.S., which is the global leader in the entertainment industry, Sony was able to acquire Music and Pictures, and develop those segments along with Games as core businesses in addition to its original electronics business. In 1971, the year after Sony was listed on the NYSE, Sony introduced an Outside Director to its Board of Directors, and has continued to evolve its corporate governance along with the growth of the company.
Over the last 12 months, SNE stock rose by 47.63%. The one-year Sony Corporation stock forecast points to a potential upside of 12.78. The average equity rating for SNE stock is currently 1.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $116.39 billion, with 1.23 billion shares outstanding and 1.03 billion shares in the current float. Compared to the average trading volume of 1.08M shares, SNE stock reached a trading volume of 1645543 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Sony Corporation [SNE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SNE shares is $106.89 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SNE stock is a recommendation set at 1.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Sony Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 13, 2020. The new note on the price target was released on July 30, 2020, representing the official price target for Sony Corporation stock. Previously, the target price had yet another raise to $70, while Oppenheimer analysts kept a Outperform rating on SNE stock.
The Average True Range (ATR) for Sony Corporation is set at 1.87, with the Price to Sales ratio for SNE stock in the period of the last 12 months amounting to 1.46. The Price to Book ratio for the last quarter was 2.36, with the Price to Cash per share for the same quarter was set at 34.17. Price to Free Cash Flow for SNE in the course of the last twelve months was 12.30 with Quick ratio for the last quarter at 0.80.
SNE Stock Performance Analysis:
Sony Corporation [SNE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.64. With this latest performance, SNE shares gained by 20.34% in over the last four-week period, additionally plugging by 43.96% over the last 6 months – not to mention a rise of 47.63% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SNE stock in for the last two-week period is set at 71.16, with the RSI for the last a single of trading hit 74.61, and the three-weeks RSI is set at 69.51 for Sony Corporation [SNE]. The present Moving Average for the last 50 days of trading for this stock 80.81, while it was recorded at 90.53 for the last single week of trading, and 71.67 for the last 200 days.
Insight into Sony Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Sony Corporation [SNE] shares currently have an operating margin of +10.35 and a Gross Margin at +34.34. Sony Corporation’s Net Margin is presently recorded at +7.07.
Return on Total Capital for SNE is now 13.71, given the latest momentum, and Return on Invested Capital for the company is 12.43. Return on Equity for this stock inclined to 14.79, with Return on Assets sitting at 2.65. When it comes to the capital structure of this company, Sony Corporation [SNE] has a Total Debt to Total Equity ratio set at 44.81. Additionally, SNE Total Debt to Total Capital is recorded at 30.94, with Total Debt to Total Assets ending up at 8.02. Long-Term Debt to Equity for the company is recorded at 22.77, with the Long-Term Debt to Total Capital now at 15.73.
Reflecting on the efficiency of the workforce at the company, Sony Corporation [SNE] managed to generate an average of $5,212,095 per employee. Receivables Turnover for the company is 6.64 with a Total Asset Turnover recorded at a value of 0.37.Sony Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.90.
SNE Stock EPS
With the latest financial reports released by the company, Sony Corporation posted 1.68/share EPS, while the average EPS was predicted by analysts to be reported at 1.27/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 32.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SNE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sony Corporation go to 5.20%.
Sony Corporation [SNE] Insider Position Details
There are presently around $8,969 million, or 7.90% of SNE stock, in the hands of institutional investors. The top three institutional holders of SNE stocks are: PRIMECAP MANAGEMENT CO/CA/ with ownership of 31,576,479, which is approximately -4.254% of the company’s market cap and around 0.03% of the total institutional ownership; ARISTOTLE CAPITAL MANAGEMENT, LLC, holding 11,580,652 shares of the stock with an approximate value of $1.08 billion in SNE stocks shares; and FIDUCIARY MANAGEMENT INC /WI/, currently with $431.56 million in SNE stock with ownership of nearly -3.956% of the company’s market capitalization.
Positions in Sony Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 243 institutional holders increased their position in Sony Corporation [NYSE:SNE] by around 7,275,570 shares. Additionally, 188 investors decreased positions by around 7,951,557 shares, while 76 investors held positions by with 80,980,024 shares. The mentioned changes placed institutional holdings at 96,207,151 shares, according to the latest SEC report filing. SNE stock had 70 new institutional investments in for a total of 1,783,554 shares, while 50 institutional investors sold positions of 890,108 shares during the same period.