Sony Group Co. (NYSE:SONY) Receives $108.00 Average PT from Analysts

Shares of Sony Group Co. (NYSE:SONY) have been given an average rating of “Moderate Buy” by the five analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $108.00.

Several brokerages have commented on SONY. Oppenheimer reiterated an “outperform” rating and set a $108.00 price target on shares of Sony Group in a report on Monday, February 26th. Macquarie downgraded Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. TheStreet upgraded Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Finally, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a report on Monday, April 8th.

Institutional Investors Weigh In On Sony Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. CVA Family Office LLC acquired a new stake in shares of Sony Group in the fourth quarter worth $27,000. Sunbelt Securities Inc. acquired a new stake in shares of Sony Group in the first quarter worth $29,000. KB Financial Partners LLC acquired a new stake in shares of Sony Group in the first quarter worth $29,000. Rise Advisors LLC grew its stake in shares of Sony Group by 259.2% in the first quarter. Rise Advisors LLC now owns 352 shares of the company’s stock worth $30,000 after acquiring an additional 254 shares during the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in shares of Sony Group in the fourth quarter worth $31,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Price Performance

Shares of SONY opened at $81.29 on Monday. The firm has a market cap of $100.33 billion, a PE ratio of 15.69 and a beta of 0.98. The firm’s 50 day moving average price is $86.77 and its 200 day moving average price is $88.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. Sony Group has a twelve month low of $79.62 and a twelve month high of $100.94.

Sony Group (NYSE:SONY) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.68 by $0.32. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. 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 expect that Sony Group will post 5.21 EPS for the current fiscal year.

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.