Sony Group Co. (NYSE:SONY) Receives Average Rating of "Buy" from Brokerages

Shares of Sony Group Co. (NYSE:SONY - Get Free Report) have received a consensus recommendation of "Buy" from the six analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $28.00.

A number of equities analysts have recently issued reports on the company. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. 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. The Goldman Sachs Group started coverage on shares of Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating for the company. Finally, Oppenheimer reiterated an "outperform" rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th.

Sony Group Stock Performance

Shares of SONY opened at $25.12 on Friday. Sony Group has a 12 month low of $15.02 and a 12 month high of $25.78. The business's fifty day simple moving average is $24.14 and its two-hundred day simple moving average is $21.61. The company has a market cap of $151.89 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 9.95 and a beta of 0.94. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $24.32 billion. Research analysts anticipate that Sony Group will post 1.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sony Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. World Investment Advisors LLC bought a new position in Sony Group in the 3rd quarter worth $2,073,000. Wilmington Savings Fund Society FSB bought a new stake in Sony Group in the 3rd quarter valued at $287,000. Tidal Investments LLC bought a new stake in shares of Sony Group in the third quarter worth about $244,000. Synovus Financial Corp lifted its position in shares of Sony Group by 2.4% in the third quarter. Synovus Financial Corp now owns 50,514 shares of the company's stock worth $4,878,000 after buying an additional 1,177 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its stake in Sony Group by 401.5% during the fourth quarter. Confluence Investment Management LLC now owns 43,135 shares of the company's stock valued at $913,000 after buying an additional 34,533 shares during the last quarter. Institutional investors own 14.05% of the company's stock.

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.

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