Sony Group Co. (NYSE:SONY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Sony Group Co. (NYSE:SONY) has earned an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $108.00.

Several research analysts have issued reports on the company. Oppenheimer reiterated an “outperform” rating and issued a $108.00 price target on shares of Sony Group in a report on Monday, February 26th. Macquarie cut Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th.

Institutional Trading of Sony Group

Several institutional investors and hedge funds have recently modified their holdings of SONY. SG Americas Securities LLC raised its position in Sony Group by 2,317.1% in the 4th quarter. SG Americas Securities LLC now owns 54,143 shares of the company’s stock valued at $5,127,000 after buying an additional 51,903 shares during the last quarter. Fifth Third Bancorp grew its position in Sony Group by 290.8% in the 4th quarter. Fifth Third Bancorp now owns 44,095 shares of the company’s stock worth $4,175,000 after purchasing an additional 32,811 shares in the last quarter. XY Capital Ltd purchased a new stake in Sony Group in the 3rd quarter valued at about $876,000. Anchor Investment Management LLC bought a new position in shares of Sony Group during the 4th quarter worth approximately $272,000. Finally, BKM Wealth Management LLC purchased a new position in shares of Sony Group in the 4th quarter worth approximately $566,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Stock Down 0.1 %

Sony Group stock opened at $83.99 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $103.66 billion, a PE ratio of 16.21 and a beta of 0.98. The firm’s fifty day moving average is $88.26 and its 200 day moving average is $88.97. Sony Group has a 12-month low of $79.62 and a 12-month high of $100.94.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.32. The firm had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. As a group, sell-side analysts predict that Sony Group will post 5.21 EPS for the current fiscal 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.