Sony Group Co. (NYSE:SONY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Sony Group Co. (NYSE:SONY) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $108.00.

A number of research analysts recently weighed in on SONY shares. Wolfe Research assumed coverage on shares of Sony Group in a research report on Tuesday, December 12th. They set an “outperform” rating on the stock. StockNews.com upgraded shares of Sony Group from a “hold” rating to a “buy” rating in a report on Wednesday. Macquarie downgraded shares of Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Finally, Oppenheimer restated an “outperform” rating and set a $108.00 price objective on shares of Sony Group in a report on Monday, February 26th.

Sony Group Stock Down 0.2 %

SONY opened at $86.54 on Thursday. 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 company’s 50-day moving average is $91.38 and its 200 day moving average is $88.90. Sony Group has a fifty-two week low of $79.62 and a fifty-two week high of $100.94. The firm has a market capitalization of $106.81 billion, a P/E ratio of 16.71 and a beta of 0.98.

Sony Group (NYSE:SONY) last released 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. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. The company had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. Research analysts expect that Sony Group will post 5.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sony Group

Large investors have recently modified their holdings of the business. CVA Family Office LLC purchased a new position in shares of Sony Group in the fourth quarter worth about $27,000. KB Financial Partners LLC purchased a new position in shares of Sony Group in the first quarter worth about $29,000. Fortitude Family Office LLC purchased a new position in shares of Sony Group in the fourth quarter worth about $31,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of Sony Group in the fourth quarter worth about $34,000. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of Sony Group in the fourth quarter worth about $39,000. 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.