Sony Group (NYSE:SONY) Upgraded at StockNews.com

StockNews.com upgraded shares of Sony Group (NYSE:SONY) from a hold rating to a buy rating in a report published on Wednesday morning.

A number of other brokerages also recently issued reports on SONY. 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. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. Wolfe Research restated a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. Finally, The Goldman Sachs Group began coverage on Sony Group in a research note on Tuesday, March 25th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $28.00.

Sony Group Trading Down 0.8%

NYSE SONY opened at $24.67 on Wednesday. The stock has a 50-day moving average of $24.32 and a 200-day moving average of $22.35. Sony Group has a 1-year low of $15.67 and a 1-year high of $26.08. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a market cap of $149.18 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97.

Sony Group (NYSE:SONY) last posted its earnings results on Tuesday, May 13th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.09. The firm had revenue of $17.25 billion for the quarter, compared to analysts’ expectations of $2,995.71 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, sell-side analysts forecast that Sony Group will post 1.23 EPS for the current year.

Institutional Trading of Sony Group

Several hedge funds have recently made changes to their positions in SONY. Silicon Valley Capital Partners increased its holdings in Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after buying an additional 927 shares during the period. Capital Analysts LLC lifted its stake 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 worth $25,000 after purchasing an additional 936 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Sony Group during the fourth quarter valued at about $26,000. Fairscale Capital LLC raised its holdings 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 purchasing an additional 992 shares in the last quarter. Finally, Accent Capital Management LLC lifted its position in shares of Sony Group by 400.0% during the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock valued at $29,000 after buying an additional 1,104 shares during the last quarter. 14.05% of the stock is currently owned by hedge funds and other 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.