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

Sony Group Co. (NYSE:SONY) has received a consensus recommendation of “Buy” from the five brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $24.00.

Several analysts have recently weighed in on SONY shares. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating for the company. Oppenheimer lowered their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th.

Sony Group Trading Up 5.4 %

NYSE:SONY opened at $23.16 on Friday. The business’s 50-day moving average is $21.40 and its two-hundred day moving average is $14.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. Sony Group has a 12 month low of $15.02 and a 12 month high of $24.03. The firm has a market capitalization of $140.07 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 11.46 and a beta of 0.96.

Sony Group (NYSE:SONY) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. Sony Group had a return on equity of 14.27% and a net margin of 8.55%. Research analysts predict that Sony Group will post 1.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sony Group

Hedge funds have recently bought and sold shares of the company. Silicon Valley Capital Partners grew its stake in Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after purchasing an additional 927 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Sony Group in the fourth quarter worth about $26,000. Fairscale Capital LLC grew its stake in Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after purchasing an additional 992 shares in the last quarter. General Partner Inc. grew its stake in Sony Group by 400.0% in the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after purchasing an additional 996 shares in the last quarter. Finally, Accent Capital Management LLC grew its stake in Sony Group by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock worth $29,000 after purchasing an additional 1,104 shares in the last quarter. 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.