Sony Group Co. (NYSE:SONY) Given Average Recommendation of "Buy" by Brokerages

Sony Group Co. (NYSE:SONY - Get Free Report) has been assigned an average recommendation of "Buy" from the five ratings firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $28.00.

Several analysts have recently commented on the company. StockNews.com cut Sony Group from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. The Goldman Sachs Group assumed coverage on shares of Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating on the stock. Oppenheimer reiterated an "outperform" rating and issued a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Finally, Sanford C. Bernstein initiated coverage on shares of Sony Group in a report on Thursday, January 16th. They set an "outperform" rating on the stock.

Institutional Investors Weigh In On Sony Group

A number of large investors have recently added to or reduced their stakes in the business. Silicon Valley Capital Partners grew its position in shares of Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after purchasing an additional 927 shares during the last quarter. Capital Analysts LLC grew its holdings in Sony Group by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after buying an additional 936 shares during the last quarter. General Partner Inc. grew its holdings in Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after buying an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Sony Group during the fourth quarter worth $26,000. Finally, Fairscale Capital LLC lifted its position in shares of Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after acquiring an additional 992 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

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Sony Group Stock Performance

Shares of NYSE SONY traded down $0.46 during mid-day trading on Monday, hitting $24.71. 3,147,800 shares of the company were exchanged, compared to its average volume of 4,013,106. The stock has a 50 day simple moving average of $23.76 and a 200-day simple moving average of $20.02. Sony Group has a 1-year low of $15.02 and a 1-year high of $25.78. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm has a market cap of $149.44 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 9.95 and a beta of 0.91.

Sony Group (NYSE:SONY - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. The company had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. On average, sell-side analysts forecast that Sony Group will post 1.23 EPS for the current fiscal year.

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.