Horizon Bancorp (HBNC) Is At $29.87 Formed Wedge; Sony (SNE) Had 6 Analysts Last Week

Horizon Bancorp (NASDAQ:HBNC) Logo

Among 7 analysts covering Sony Corp (NYSE:SNE), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Sony Corp had 15 analyst reports since August 16, 2015 according to SRatingsIntel. Nomura maintained the shares of SNE in report on Friday, September 4 with “Buy” rating. Jefferies maintained Sony Corporation (NYSE:SNE) rating on Tuesday, August 1. Jefferies has “Buy” rating and $45.7400 target. Bernstein initiated the stock with “Outperform” rating in Wednesday, April 26 report. The company was maintained on Sunday, August 16 by JP Morgan. Jefferies maintained the stock with “Buy” rating in Friday, June 9 report. The rating was maintained by Jefferies on Tuesday, April 3 with “Buy”. The rating was maintained by Jefferies on Monday, October 23 with “Buy”. The stock of Sony Corporation (NYSE:SNE) earned “Buy” rating by TheStreet on Monday, August 24. On Monday, September 11 the stock rating was downgraded by Citigroup to “Neutral”. As per Wednesday, September 13, the company rating was maintained by Jefferies. See Sony Corporation (NYSE:SNE) latest ratings:

03/04/2018 Broker: Jefferies Rating: Buy New Target: $81.5200 Maintain
26/02/2018 Broker: Jefferies Rating: Buy New Target: $79.26 Maintain
13/12/2017 Broker: Jefferies Rating: Buy New Target: $61.79 Maintain
23/10/2017 Broker: Jefferies Rating: Buy New Target: $45.74 Maintain

Horizon Bancorp (HBNC) formed wedge up with $31.06 target or 4.00% above today’s $29.87 share price. Horizon Bancorp (HBNC) has $763.50M valuation. The stock decreased 0.03% or $0.01 during the last trading session, reaching $29.87. About 2,900 shares traded. Horizon Bancorp (NASDAQ:HBNC) has risen 18.45% since April 17, 2017 and is uptrending. It has outperformed by 6.90% the S&P500.

Since December 13, 2017, it had 0 insider purchases, and 2 insider sales for $497,900 activity. 7,500 Horizon Bancorp (NASDAQ:HBNC) shares with value of $225,000 were sold by Kuhn Dennis. 10,000 shares valued at $272,900 were sold by Thompson Michele M. on Wednesday, December 13.

Investors sentiment increased to 1.83 in 2017 Q4. Its up 0.13, from 1.7 in 2017Q3. It increased, as 6 investors sold Horizon Bancorp shares while 24 reduced holdings. 15 funds opened positions while 40 raised stakes. 12.17 million shares or 8.67% more from 11.20 million shares in 2017Q3 were reported. Citigroup Inc stated it has 8,639 shares or 0% of all its holdings. Clarivest Asset Limited stated it has 56,901 shares or 0.03% of all its holdings. Atlantic Tru Ltd Liability Co reported 0% stake. Jacobs Asset Mgmt Lc invested in 327,846 shares. Credit Suisse Ag holds 0% or 23,921 shares. Minerva Advsr Limited Liability Corp owns 29,816 shares. Amica Retiree reported 13,402 shares. Dimensional Fund Advisors L P invested in 0.01% or 760,875 shares. Brandywine Global Inv Management Limited Liability Com reported 0.01% stake. New York-based Virtu Financial Ltd has invested 0.01% in Horizon Bancorp (NASDAQ:HBNC). Metropolitan Life Ins Ny has 0% invested in Horizon Bancorp (NASDAQ:HBNC). Swiss Bancshares reported 0% stake. Pnc Gp owns 1,129 shares for 0% of their portfolio. Sei Invs, a Pennsylvania-based fund reported 13,680 shares. Wells Fargo & Mn stated it has 0% of its portfolio in Horizon Bancorp (NASDAQ:HBNC).

Analysts await Horizon Bancorp (NASDAQ:HBNC) to report earnings on April, 24. They expect $0.47 EPS, up 38.24% or $0.13 from last year’s $0.34 per share. HBNC’s profit will be $12.01M for 15.89 P/E if the $0.47 EPS becomes a reality. After $0.40 actual EPS reported by Horizon Bancorp for the previous quarter, Wall Street now forecasts 17.50% EPS growth.

Among 10 analysts covering Horizon Bancorp (NASDAQ:HBNC), 8 have Buy rating, 1 Sell and 1 Hold. Therefore 80% are positive. Horizon Bancorp had 22 analyst reports since August 7, 2015 according to SRatingsIntel. On Monday, March 14 the stock rating was upgraded by FIG Partners to “Outperform”. The stock of Horizon Bancorp (NASDAQ:HBNC) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, January 25. The company was maintained on Monday, February 26 by Keefe Bruyette & Woods. On Thursday, August 24 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The stock has “Hold” rating by Sandler O’Neill on Thursday, January 7. The rating was upgraded by Bruyette & Woods” to “Outperform” on Friday, August 7. The stock has “Hold” rating by Sandler O’Neill on Thursday, January 25. Piper Jaffray maintained the stock with “Buy” rating in Friday, October 6 report. Sandler O’Neill maintained the stock with “Hold” rating in Wednesday, January 3 report. KBW upgraded Horizon Bancorp (NASDAQ:HBNC) rating on Friday, August 7. KBW has “Outperform” rating and $29 target.

Sony Corporation designs, develops, makes, and sells electronic equipment, instruments, and devices for consumer, professional, and industrial markets worldwide. The company has market cap of $63.53 billion. It offers LCD televisions, optical pickups, mobile phones, tablets, audio equipment and video conference systems, batteries, broadcast and professional-use video equipment, and DVD-players/recorders; and Blu-ray Disc players and recorders, ROMs, CDs, DVDs, and UMDs. It has a 12.8 P/E ratio. The firm also provides Internet broadband network services to subscribers, as well as creates and distributes content through its portal services to various electronics product platforms, such as PCs and mobile phones; and interchangeable lens cameras, compact digital cameras, and consumer and professional video cameras, as well as display products comprising projectors and medical equipment.

The stock increased 0.59% or $0.29 during the last trading session, reaching $49.64. About 109,901 shares traded. Sony Corporation (NYSE:SNE) has risen 47.34% since April 17, 2017 and is uptrending. It has outperformed by 35.79% the S&P500.

Horizon Bancorp (NASDAQ:HBNC) Institutional Positions Chart