Sony Group (NYSE:SONY) Earns Peer Perform Rating from Wolfe Research

Sony Group (NYSE:SONY)‘s stock had its “peer perform” rating reaffirmed by equities researchers at Wolfe Research in a report released on Monday,Benzinga reports.

Several other research analysts have also weighed in on SONY. The Goldman Sachs Group assumed coverage on shares of Sony Group in a research note on Tuesday, March 25th. They set a “buy” rating on the stock. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer reiterated an “outperform” rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, StockNews.com lowered Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Sony Group Stock Down 2.0 %

SONY stock traded down $0.43 during midday trading on Monday, hitting $21.39. The company’s stock had a trading volume of 2,436,931 shares, compared to its average volume of 4,054,227. The company’s fifty day moving average price is $23.90 and its 200 day moving average price is $20.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group has a twelve month low of $15.02 and a twelve month high of $25.78. The stock has a market capitalization of $129.36 billion, a P/E ratio of 17.29, a PEG ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, equities research analysts predict that Sony Group will post 1.23 EPS for the current year.

Institutional Investors Weigh In On Sony Group

A number of institutional investors have recently modified their holdings of SONY. Coldstream Capital Management Inc. grew its position in shares of Sony Group by 23.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company’s stock worth $352,000 after purchasing an additional 751 shares in the last quarter. FCA Corp TX grew its position in Sony Group by 22.5% during the fourth quarter. FCA Corp TX now owns 4,900 shares of the company’s stock worth $104,000 after buying an additional 900 shares in the last quarter. Silicon Valley Capital Partners increased its stake in Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after acquiring an additional 927 shares during the period. Capital Analysts LLC raised its holdings in Sony Group by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after acquiring an additional 936 shares in the last quarter. Finally, Fairscale Capital LLC lifted its position in shares of Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after acquiring an additional 992 shares during the period. Institutional investors own 14.05% of the company’s stock.

About Sony Group

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.