Sony Group Co. (NYSE:SONY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Sony Group Co. (NYSE:SONYGet Free Report) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $108.00.

Separately, upgraded shares of Sony Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd.

Read Our Latest Analysis on Sony Group

Institutional Trading of Sony Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CVA Family Office LLC acquired a new stake in shares of Sony Group in the fourth quarter valued at about $27,000. Sunbelt Securities Inc. acquired a new position in shares of Sony Group during the first quarter worth approximately $29,000. Rise Advisors LLC boosted its position in shares of Sony Group by 259.2% in the first quarter. Rise Advisors LLC now owns 352 shares of the company’s stock valued at $30,000 after acquiring an additional 254 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Sony Group in the fourth quarter worth $31,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in Sony Group during the fourth quarter worth $34,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Price Performance

Shares of NYSE SONY opened at $84.94 on Friday. Sony Group has a fifty-two week low of $75.11 and a fifty-two week high of $100.88. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 0.27. The firm has a market cap of $104.83 billion, a PE ratio of 15.61 and a beta of 0.95. The business has a 50 day moving average price of $82.21 and a two-hundred day moving average price of $87.77.

Sony Group (NYSE:SONYGet Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. The business had revenue of $23.45 billion during the quarter, compared to the consensus estimate of $18.97 billion. Sony Group had a return on equity of 13.05% and a net margin of 7.95%. During the same period last year, the firm earned $0.78 earnings per share. Sell-side analysts expect that Sony Group will post 5.6 earnings per share for the current fiscal year.

About Sony Group

(Get Free Report

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.

Further Reading

Analyst Recommendations for Sony Group (NYSE:SONY)

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