Brokerages Set Sony Group Co. (NYSE:SONY) Price Target at $28.00

Shares of Sony Group Co. (NYSE:SONY - Get Free Report) have received a consensus rating of "Buy" from the four ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $28.00.

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating on the stock. StockNews.com lowered shares of Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th.

Sony Group Price Performance

NYSE:SONY traded down $0.28 during mid-day trading on Thursday, reaching $24.13. 3,617,070 shares of the company were exchanged, compared to its average volume of 3,647,513. Sony Group has a 12 month low of $15.02 and a 12 month high of $25.64. The company has a fifty day moving average of $22.45 and a 200 day moving average of $17.43. 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 stock has a market cap of $145.90 billion, a PE ratio of 19.58, a PEG ratio of 9.95 and a beta of 0.91.

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Sony Group (NYSE:SONY - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. On average, research analysts anticipate that Sony Group will post 1.23 EPS for the current fiscal year.

Institutional Trading of Sony Group

A number of hedge funds have recently modified their holdings of SONY. Janney Montgomery Scott LLC raised its position in shares of Sony Group by 5.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 27,295 shares of the company's stock valued at $2,636,000 after acquiring an additional 1,504 shares during the period. QRG Capital Management Inc. raised its position in shares of Sony Group by 11.5% in the 3rd quarter. QRG Capital Management Inc. now owns 73,663 shares of the company's stock valued at $7,114,000 after acquiring an additional 7,572 shares during the period. Bridgewater Advisors Inc. acquired a new stake in shares of Sony Group in the 3rd quarter valued at approximately $2,515,000. Assetmark Inc. raised its position in shares of Sony Group by 4.1% in the 3rd quarter. Assetmark Inc. now owns 100,165 shares of the company's stock valued at $9,673,000 after acquiring an additional 3,925 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in shares of Sony Group by 39.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company's stock valued at $9,993,000 after acquiring an additional 29,165 shares during the period. 14.05% of the stock is currently owned by institutional investors and hedge funds.

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.