Sony Group Co. (NYSE:SONY) Receives Average Rating of “Buy” from Analysts

Sony Group Co. (NYSE:SONY) has received an average recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $28.00.

Several research analysts have issued reports on the company. Oppenheimer reissued an “outperform” rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. The Goldman Sachs Group started coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a “buy” rating on the stock. Sanford C. Bernstein began coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating for the company. Wolfe Research reissued a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. Finally, StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Institutional Trading of Sony Group

Institutional investors have recently made changes to their positions in the business. Silicon Valley Capital Partners boosted its holdings in shares of Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after purchasing an additional 927 shares during the last quarter. Capital Analysts LLC raised its position in shares of Sony Group by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after buying an additional 936 shares in the last quarter. General Partner Inc. raised its position in shares of Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after buying an additional 996 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Sony Group in the 4th quarter valued at about $26,000. Finally, Fairscale Capital LLC grew its position in Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after acquiring an additional 992 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Performance

Shares of SONY stock opened at $25.26 on Friday. The firm has a market capitalization of $152.77 billion, a PE ratio of 20.50, a P/E/G ratio of 9.95 and a beta of 0.94. The company has a 50 day moving average price of $24.21 and a 200-day moving average price of $21.83. Sony Group has a 52 week low of $15.02 and a 52 week high of $26.08. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

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