Sony Group Co. (NYSE:SONY) Receives $21.60 Consensus Target Price from Analysts

Shares of Sony Group Co. (NYSE:SONY) have been assigned a consensus recommendation of “Buy” from the six analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $22.30.

Several brokerages recently commented on SONY. StockNews.com raised Sony Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. TD Cowen dropped their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th.

Sony Group Trading Up 0.6 %

Shares of NYSE:SONY opened at $18.98 on Monday. The firm has a fifty day moving average of $29.20 and a two-hundred day moving average of $21.24. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. Sony Group has a 12-month low of $15.02 and a 12-month high of $20.18. The firm has a market capitalization of $114.78 billion, a P/E ratio of 17.64 and a beta of 0.94.

Sony Group (NYSE:SONY) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. The firm had revenue of $19.32 billion during the quarter, compared to analysts’ expectations of $17.42 billion. On average, equities analysts expect that Sony Group will post 0.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Sony Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in Sony Group during the second quarter worth $26,000. Sunbelt Securities Inc. acquired a new stake in Sony Group in the 1st quarter valued at $29,000. Rise Advisors LLC grew its position in Sony Group by 259.2% in the first quarter. Rise Advisors LLC now owns 352 shares of the company’s stock valued at $30,000 after acquiring an additional 254 shares during the period. Ridgewood Investments LLC acquired a new position in Sony Group during the second quarter worth $41,000. Finally, Family Firm Inc. acquired a new position in Sony Group during the second quarter worth $44,000. 14.05% of the stock is 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.