Sony Group Co. (NYSE:SONY) Receives $24.00 Consensus PT from Brokerages

Shares of Sony Group Co. (NYSE:SONY) have earned a consensus rating of “Buy” from the five analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $24.00.

A number of brokerages have recently weighed in on SONY. Sanford C. Bernstein started coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer decreased their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. TD Cowen reduced their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th.

Sony Group Stock Performance

Shares of SONY stock opened at $20.92 on Wednesday. The firm has a market capitalization of $126.49 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 12.85 and a beta of 0.95. The stock has a fifty day moving average of $20.52 and a 200 day moving average of $12.94. Sony Group has a 52 week low of $15.02 and a 52 week high of $22.71. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

Institutional Investors Weigh In On Sony Group

Hedge funds have recently added to or reduced their stakes in the stock. Pictet North America Advisors SA boosted its stake in Sony Group by 19.4% in the 3rd quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock worth $23,561,000 after purchasing an additional 39,688 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Sony Group by 39.2% in the third quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock worth $9,993,000 after buying an additional 29,165 shares in the last quarter. Diversify Wealth Management LLC increased its position in shares of Sony Group by 511.4% during the third quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock valued at $4,867,000 after acquiring an additional 42,156 shares in the last quarter. Confluence Investment Management LLC raised its holdings in Sony Group by 401.5% in the 4th quarter. Confluence Investment Management LLC now owns 43,135 shares of the company’s stock worth $913,000 after acquiring an additional 34,533 shares during the last quarter. Finally, Creative Planning boosted its stake in Sony Group by 2.7% during the 2nd quarter. Creative Planning now owns 284,636 shares of the company’s stock valued at $24,180,000 after purchasing an additional 7,401 shares during the last quarter. 14.05% of the stock is owned by institutional investors.

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.