Sony Group Co. (NYSE:SONY) Receives $108.00 Average PT from Analysts

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

Several equities research analysts have recently issued reports on SONY shares. TheStreet raised shares of Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Macquarie cut shares of Sony Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 15th. Oppenheimer reaffirmed an “outperform” rating and set a $108.00 price objective on shares of Sony Group in a research report on Monday, February 26th. Finally, StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th.

Sony Group Stock Performance

Shares of SONY stock opened at $81.61 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. Sony Group has a 52 week low of $79.62 and a 52 week high of $100.94. The stock has a market capitalization of $100.72 billion, a PE ratio of 15.75 and a beta of 0.98. The firm has a 50 day moving average of $87.36 and a two-hundred day moving average of $88.92.

Sony Group (NYSE:SONY) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $24.31 billion. On average, research analysts predict that Sony Group will post 5.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Sony Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JFS Wealth Advisors LLC raised its holdings in shares of Sony Group by 24.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 544 shares of the company’s stock valued at $52,000 after buying an additional 108 shares during the last quarter. Legacy Capital Group California Inc. raised its holdings in shares of Sony Group by 2.4% in the fourth quarter. Legacy Capital Group California Inc. now owns 4,703 shares of the company’s stock valued at $445,000 after buying an additional 110 shares during the last quarter. Fiduciary Trust Co. raised its holdings in shares of Sony Group by 4.0% in the first quarter. Fiduciary Trust Co. now owns 2,871 shares of the company’s stock valued at $260,000 after buying an additional 110 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Sony Group by 16.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 786 shares of the company’s stock valued at $74,000 after buying an additional 112 shares during the last quarter. Finally, Gallacher Capital Management LLC raised its holdings in Sony Group by 3.9% during the third quarter. Gallacher Capital Management LLC now owns 3,215 shares of the company’s stock worth $265,000 after purchasing an additional 121 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

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.