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

Sony Group Co. (NYSE:SONY) has received a consensus rating of “Buy” from the four ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $28.00.

SONY has been the subject of a number of recent analyst reports. Oppenheimer reissued an “outperform” rating and set a $33.00 price objective (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating for the company.

Sony Group Stock Up 3.0 %

Shares of SONY opened at $23.65 on Thursday. Sony Group has a 52-week low of $15.02 and a 52-week high of $25.64. The company has a market capitalization of $143.00 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91. The stock has a fifty day simple moving average of $22.56 and a two-hundred day simple moving average of $17.84. 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 issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. As a group, equities analysts forecast that Sony Group will post 1.23 EPS for the current year.

Institutional Investors Weigh In On Sony Group

Institutional investors have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd increased its position in Sony Group by 400.0% during the fourth quarter. Y.D. More Investments Ltd now owns 36,065 shares of the company’s stock worth $763,000 after buying an additional 28,852 shares during the period. Bfsg LLC acquired a new position in Sony Group during the fourth quarter worth approximately $6,125,000. Fifth Third Bancorp increased its position in Sony Group by 311.3% during the fourth quarter. Fifth Third Bancorp now owns 157,702 shares of the company’s stock worth $3,337,000 after buying an additional 119,362 shares during the period. Mitchell & Pahl Private Wealth LLC increased its position in Sony Group by 430.0% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 40,336 shares of the company’s stock worth $854,000 after buying an additional 32,725 shares during the period. Finally, One Wealth Advisors LLC increased its position in Sony Group by 400.9% during the fourth quarter. One Wealth Advisors LLC now owns 34,475 shares of the company’s stock worth $729,000 after buying an additional 27,593 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

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.