Sony Group Co. (NYSE:SONY) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Sony Group Co. (NYSE:SONY - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the four ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $108.00.

Separately, StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research note on Thursday, August 8th.

Hedge Funds Weigh In On Sony Group

Institutional investors have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Sony Group in the second quarter valued at approximately $26,000. Sunbelt Securities Inc. purchased a new position in Sony Group in the first quarter valued at approximately $29,000. Rise Advisors LLC lifted its stake in Sony Group by 259.2% in the first quarter. Rise Advisors LLC now owns 352 shares of the company's stock valued at $30,000 after purchasing an additional 254 shares during the last quarter. Pacific Capital Wealth Advisors Inc. purchased a new position in Sony Group in the fourth quarter valued at approximately $34,000. Finally, Ridgewood Investments LLC purchased a new position in Sony Group in the second quarter valued at approximately $41,000. 14.05% of the stock is owned by institutional investors.

Sony Group Stock Up 2.0 %

SONY stock traded up $1.78 during trading on Friday, reaching $90.24. 589,831 shares of the stock were exchanged, compared to its average volume of 959,635. The company has a current ratio of 0.63, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26. Sony Group has a twelve month low of $75.11 and a twelve month high of $100.88. The firm's 50 day moving average is $86.81 and its 200 day moving average is $86.15. The firm has a market cap of $111.38 billion, a P/E ratio of 16.59 and a beta of 0.94.

Sony Group shares are scheduled to split on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly issued shares will be distributed to shareholders after the market closes on Monday, September 30th.

Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.11. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. The business had revenue of $19.32 billion during the quarter, compared to analyst estimates of $17.42 billion. As a group, research analysts forecast that Sony Group will post 5.68 EPS for the current year.

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.