From an investor’s standpoint, a lot remains up in the air for shares of Sony Corp (ADR) (NYSE:SNE) stock. Will 2016 bring with it a better year for shareholders, or will we see much of the same — an up and down rollercoaster ride?
One thing is for sure though, Sony Corp (NYSE:SNE) Playstation 4 is about to see a year unlike anything we have seen yet, and President of Sony’s Worldwide Studios for Sony Computer Entertainment Inc., Shuhei Yoshida is ready to back that up. 2016 will be a huge year for new titles coming to the game system.
“It’s the year PS4 users, and those who are on the fence on whether to buy it will absolutely think,” said Shuhei Yoshida. “It’s good to have a PS4. Please look forward to it.”
Some of these titles include: Street Fighter V, Uncharted 4: A Thief’s End, and No Man’s Sky, Until Dawn: Rush of Blood, and Tekken 7. It should be interesting to see how this effects shares of Sony Corp (ADR) (NYSE:SNE) in the coming year.
The stock increased 0.65% or $0.16 on December 29, hitting $24.83. SNE has declined 20.52% since May 27, 2015 and is downtrending. It has underperformed the S&P500 by 18.25%.
From a total of 2 analysts covering Sony Corp (NYSE:SNE) stock, 2 rate it a “Buy”, 0 a “Sell”, and 0 a “Hold”. This means that 100% of the ratings are positive. Sony Corp was the topic of 3 analyst reports since August 16, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on September 4 with a “Buy” rating. JP Morgan maintained SNE stock in a recent report from August 16 with a “Overweight” rating.
Sony Corporation is engaged in the development, design, manufacture, and sale of various kinds of electronic equipment, instruments, and devices for consumer, professional and industrial markets, as well as game consoles and software. The company has a market cap of $30.76 billion. The Company’s divisions include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other. It has 35.94 P/E ratio. The Company’s manufacturing facilities are located in Asia, including Japan.