Sony Group (NYSE:SONY) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Sony Group (NYSE:SONY) from a hold rating to a buy rating in a research note released on Wednesday.

Several other research analysts have also weighed in on the company. Wolfe Research initiated coverage on Sony Group in a report on Tuesday, December 12th. They set an outperform rating on the stock. TheStreet raised shares of Sony Group from a c+ rating to a b- rating in a research note on Thursday, January 11th. Oppenheimer reaffirmed an outperform rating and issued a $108.00 price objective on shares of Sony Group in a research report on Monday, February 26th. Finally, Macquarie cut Sony Group from an outperform rating to a neutral rating in a report on Thursday, February 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Sony Group presently has an average rating of Moderate Buy and a consensus price target of $108.00.

Sony Group Trading Down 0.2 %

SONY opened at $86.54 on Wednesday. Sony Group has a fifty-two week low of $79.62 and a fifty-two week high of $100.94. The company has a market cap of $106.81 billion, a price-to-earnings ratio of 16.71 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.54. The firm has a 50 day simple moving average of $91.38 and a 200 day simple moving average of $88.90.

Sony Group (NYSE:SONY) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.32. The company had revenue of $25.38 billion for the quarter, compared to the consensus estimate of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. On average, sell-side analysts anticipate that Sony Group will post 5.19 earnings per share for the current year.

Hedge Funds Weigh In On Sony Group

A number of large investors have recently modified their holdings of SONY. CVA Family Office LLC acquired a new stake in shares of Sony Group in the fourth quarter valued at about $27,000. KB Financial Partners LLC acquired a new position in shares of Sony Group during the 1st quarter worth approximately $29,000. Fortitude Family Office LLC acquired a new position in shares of Sony Group during the 4th quarter worth approximately $31,000. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Sony Group during the 4th quarter worth approximately $34,000. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Sony Group in the fourth quarter valued at $39,000. 14.05% of the stock is currently owned by institutional investors and hedge funds.

About Sony Group

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.