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Tuesday, August 9, 2022

The Stocks Of SONO Have Been Downgraded By Zacks Investment Research

The stocks of SONO have been downgraded by the analysts from Zacks Investment Research from a rating of ‘buy’ to a rating of ‘hold’ in a research note that was sent out to investors. 

The Commentary on the Stocks of SONO

Quite a few research equities have commented on the stocks of SONO. TheStreet has already raised the shares of the company from a ‘d’ rating to ‘c-’ rating in a November 19th report. The Royal Bank of Canada has also raised the relative target price on the company from $19 to $24 while giving the stocks a rating of ‘outperform’ in one of their research reports.

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The Bank of America has also raised the shares of the company from a rating of ‘neutral’ to a rating of ‘buy’ and has increased the target price from $17.50 to$18 in an October 15th report. BidaskClub has downgraded the stocks of the company from a rating of ‘buy’ to a rating of ‘hold’ in an October 7th research report. Morgan Stanley was the last to comment, as they increased the price objective of Sonos from $20 to $30, and have issued the stocks a rating of ‘overweight’.

One analyst has given the stocks a rating of sell, while six of them have given it a rating of hold. Four investment analysts have considered the stocks of SONO worthy of a buy rating. Currently, the average rating is ‘hold’, with a price target set at $19.81.

The stocks of SONO traded at $24.44 last Friday. The moving average of the firm over 50 days is $20.46, while that of 200-days is $15.98. The market cap of the stock of $2.76 billion, with a PE ratio, fixed at -35.94, with a beta of 1.56. The year low of the company is $6.58, while the year high is $25.40. The current ratio of the company is 1.89. 

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