Sony Group Co. (NYSE:SONY) Given Consensus Recommendation of “Buy” by Analysts

Sony Group Co. (NYSE:SONY) has been given an average recommendation of “Buy” by the four research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $24.00.

A number of brokerages recently issued reports on SONY. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Oppenheimer decreased their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. Finally, Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They issued an “outperform” rating on the stock.

Sony Group Stock Up 4.2 %

Shares of SONY stock opened at $24.16 on Friday. Sony Group has a 1 year low of $15.02 and a 1 year high of $24.25. The stock has a market cap of $146.08 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 11.46 and a beta of 0.96. The business’s fifty day moving average is $21.46 and its 200-day moving average is $15.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Sony Group (NYSE:SONY) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a return on equity of 14.27% and a net margin of 8.55%. Equities analysts expect that Sony Group will post 1.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Silicon Valley Capital Partners grew its holdings in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after buying an additional 927 shares in the last quarter. Capital Analysts LLC boosted its position in Sony Group by 400.0% during the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after purchasing an additional 936 shares during the last quarter. General Partner Inc. boosted its position in Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after purchasing an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Sony Group during the fourth quarter valued at $26,000. Finally, Fairscale Capital LLC boosted its position in Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after purchasing an additional 992 shares during the last quarter. Hedge funds and other 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.