Sony Group (NYSE:SONY) Upgraded to Buy by StockNews.com

Sony Group (NYSE:SONY) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

A number of other research firms also recently issued reports on SONY. Oppenheimer restated an “outperform” rating and issued a $108.00 price target on shares of Sony Group in a research report on Monday, February 26th. TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Macquarie cut shares of Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, Wolfe Research assumed coverage on shares of Sony Group in a report on Tuesday, December 12th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Sony Group currently has an average rating of “Moderate Buy” and an average target price of $108.00.

Sony Group Trading Down 0.9 %

NYSE SONY opened at $85.74 on Wednesday. The company’s fifty day moving average price is $91.14 and its two-hundred day moving average price is $88.88. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.69 and a quick ratio of 0.54. Sony Group has a 12 month low of $79.62 and a 12 month high of $100.94. The company has a market capitalization of $105.82 billion, a price-to-earnings ratio of 16.55 and a beta of 0.98.

Sony Group (NYSE:SONY) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.32. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. The company had revenue of $25.38 billion for the quarter, compared to the consensus estimate of $24.31 billion. As a group, research analysts predict that Sony Group will post 5.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sony Group

Several large investors have recently made changes to their positions in SONY. CVA Family Office LLC bought a new position in shares of Sony Group during the 4th quarter valued at about $27,000. KB Financial Partners LLC bought a new position in shares of Sony Group during the 1st quarter valued at about $29,000. Fortitude Family Office LLC bought a new position in shares of Sony Group during the 4th quarter valued at about $31,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of Sony Group during the 4th quarter valued at about $34,000. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Sony Group during the 4th quarter valued at about $39,000. 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.