Sony Group’s (SONY) Peer Perform Rating Reaffirmed at Wolfe Research

Sony Group (NYSE:SONY)‘s stock had its “peer perform” rating reiterated by investment analysts at Wolfe Research in a report issued on Monday,Benzinga reports.

SONY has been the topic of a number of other research reports. The Goldman Sachs Group initiated coverage on Sony Group in a research report on Tuesday, March 25th. They set a “buy” rating on the stock. Oppenheimer reissued an “outperform” rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. Finally, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sony Group currently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Sony Group Price Performance

Shares of Sony Group stock traded down $0.43 during trading on Monday, reaching $21.39. 2,436,931 shares of the company’s stock were exchanged, compared to its average volume of 4,054,227. 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 has a 1-year low of $15.02 and a 1-year high of $25.78. The company has a market cap of $129.36 billion, a P/E ratio of 17.29, a PEG ratio of 9.95 and a beta of 0.94. The firm’s 50-day moving average price is $23.90 and its 200 day moving average price is $20.44.

Sony Group (NYSE:SONY) last issued 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. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The firm had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. As a group, research analysts anticipate that Sony Group will post 1.23 earnings per share for the current year.

Institutional Trading of Sony Group

A number of large investors have recently bought and sold shares of SONY. Silicon Valley Capital Partners grew its stake in Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after purchasing an additional 927 shares during the period. Capital Analysts LLC increased its stake in shares of Sony Group by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after acquiring an additional 936 shares in the last quarter. General Partner Inc. lifted its position in shares of 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 acquiring an additional 996 shares during the period. Newbridge Financial Services Group Inc. bought a new position in Sony Group during the fourth quarter worth $26,000. Finally, Fairscale Capital LLC increased its stake in 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 purchasing an additional 992 shares in the last quarter. 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.