Analysts Set Sony Group Co. (NYSE:SONY) Target Price at $115.00

Shares of Sony Group Co. (NYSE:SONY – Get Rating) have earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $115.00.

A number of equities research analysts have commented on the stock. StockNews.com initiated coverage on shares of Sony Group in a report on Thursday. They issued a “hold” rating for the company. Cowen raised their price objective on shares of Sony Group from $102.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Finally, TheStreet raised shares of Sony Group from a “c+” rating to a “b-” rating in a research note on Monday, December 5th.

Sony Group Trading Up 0.2 %

NYSE:SONY opened at $86.52 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $106.76 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 2.67 and a beta of 1.06. The firm has a fifty day simple moving average of $86.98 and a two-hundred day simple moving average of $78.73. Sony Group has a 12 month low of $61.72 and a 12 month high of $107.52.

Sony Group (NYSE:SONY – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.47. The business had revenue of $24.20 billion during the quarter, compared to analysts’ expectations of $25.02 billion. Sony Group had a net margin of 8.43% and a return on equity of 12.77%. Analysts expect that Sony Group will post 5.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. CoreCap Advisors LLC bought a new position in shares of Sony Group during the second quarter valued at about $25,000. RFP Financial Group LLC bought a new position in shares of Sony Group during the fourth quarter valued at about $25,000. Okabena Investment Services Inc. bought a new stake in Sony Group in the fourth quarter worth about $29,000. Guardian Wealth Advisors LLC bought a new stake in Sony Group in the third quarter worth about $32,000. Finally, JFS Wealth Advisors LLC raised its position in Sony Group by 116.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 422 shares of the company’s stock worth $32,000 after acquiring an additional 227 shares during the period. 7.74% of the stock is owned by institutional investors.

About Sony Group

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Sony Group Corp. engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals and industrial markets. It operates through the following segments: Game and Network Services, Music, Pictures, Home Entertainment and Sound, Imaging Products and Solutions, Mobile Communications, Semiconductors, Financial Services, and Others.