Oppenheimer Releases a Buy Rating on Sony (SNE)

By Austin Angelo

In a report released yesterday, Andrew Uerkwitz from Oppenheimer assigned a Buy rating to Sony (SNEResearch Report), with a price target of $100.00. The company’s shares closed last Tuesday at $76.46.

According to TipRanks.com, Uerkwitz is a 5-star analyst with an average return of 19.5% and a 60.2% success rate. Uerkwitz covers the Technology sector, focusing on stocks such as Tyler Technologies, Sonim Technologies, and Axon Enterprise.

Sony has an analyst consensus of Moderate Buy, with a price target consensus of $100.00.

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Sony’s market cap is currently $94.93B and has a P/E ratio of 15.60. The company has a Price to Book ratio of 3.84.

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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. It operates through the following segments: Game and Network Services, Music, Pictures, Home Entertainment and Sound, Imaging Products and Solutions, Mobile Communications, Semiconductors, Financial Services, and All Others. The Game and Network Services segment deals with gaming machines, software and network services. The Music segment produces and publishes music and provides image media platforms. The Pictures segment handles film production, television program creation, and media networks. The Home Entertainment and Sound segment offers LCD televisions, home audio, Blu-ray Disc players and recorders, and memory-based portable audio devices. The Imaging Products and Solutions segment provides digital imaging products, professional solutions, and medical goods. The Mobile Communications segment deals with mobile phones and internet services businesses. The Semiconductors segment provides image sensors and camera modules. The Financial Services segment manages the life insurance and non-life insurance operations and banking business. The All Other segment includes personal computer (PC) business, overseas Blu-ray Disc, DVD and CD manufacturing, and battery business. The company was founded by Akio Morita and Masaru Ibuka on May 7, 1946 and is headquartered in Tokyo, Japan.