Nomura Reaffirms Their Hold Rating on Sony (SNEJF)
In a report released today, Yu Okazaki from Nomura maintained a Hold rating on Sony (SNEJF – Research Report), with a price target of Yen3,900.00. The company’s shares closed last Tuesday at $26.41.
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According to TipRanks, Okazaki is an analyst with an average return of -3.8% and a 39.29% success rate. Okazaki covers the Technology sector, focusing on stocks such as Casio Computer Co, Panasonic, and Seiko Epson.
Currently, the analyst consensus on Sony is a Strong Buy with an average price target of $30.73.
Based on Sony’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2630244000 thousand and a net profit of $197.73 billion. In comparison, last year the company earned a revenue of $3480966000 thousand and had a net profit of $189.01 billion
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