Sony Group Co. (NYSE:SONY) Receives $108.00 Consensus PT from Analysts

Sony Group Co. (NYSE:SONY) has been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $108.00.

A number of research analysts have issued reports on SONY shares. Oppenheimer reissued an “outperform” rating and set a $108.00 target price on shares of Sony Group in a research note on Monday, February 26th. Macquarie lowered shares of Sony Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 15th. TheStreet raised shares of Sony Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Finally, StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th.

Institutional Trading of Sony Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SONY. Cetera Advisor Networks LLC raised its position in shares of Sony Group by 31.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 4,306 shares of the company’s stock worth $442,000 after buying an additional 1,039 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Sony Group by 0.8% in the 1st quarter. BlackRock Inc. now owns 1,510,796 shares of the company’s stock worth $155,174,000 after purchasing an additional 11,272 shares in the last quarter. Cibc World Market Inc. raised its holdings in shares of Sony Group by 4.5% in the 1st quarter. Cibc World Market Inc. now owns 28,862 shares of the company’s stock worth $2,964,000 after purchasing an additional 1,237 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Sony Group by 12.8% in the 1st quarter. Cetera Investment Advisers now owns 6,265 shares of the company’s stock worth $643,000 after purchasing an additional 711 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Sony Group by 46.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,494 shares of the company’s stock worth $564,000 after purchasing an additional 1,736 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Trading Down 1.6 %

NYSE SONY opened at $81.61 on Monday. Sony Group has a one year low of $79.62 and a one year high of $100.94. The company has a 50-day simple moving average of $87.36 and a 200-day simple moving average of $88.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. The firm has a market capitalization of $100.72 billion, a PE ratio of 15.75 and a beta of 0.98.

Sony Group (NYSE:SONY) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.68 by $0.32. The business had revenue of $25.38 billion during the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. On average, equities analysts forecast that Sony Group will post 5.21 earnings per share for the current year.

Sony Group Company Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.