Sony Group (NYSE:SONY) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Sony Group (NYSE:SONY) from a hold rating to a buy rating in a report released on Wednesday.

SONY has been the topic of a number of other reports. Oppenheimer reiterated an outperform rating and issued a $108.00 price objective on shares of Sony Group in a report on Monday, February 26th. Macquarie cut Sony Group from an outperform rating to a neutral rating in a research note on Thursday, February 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $108.00.

Sony Group Trading Down 0.6 %

SONY opened at $80.29 on Wednesday. Sony Group has a one year low of $75.11 and a one year high of $100.94. The stock has a market capitalization of $99.10 billion, a PE ratio of 14.76 and a beta of 0.95. The business’s 50 day moving average price is $83.50 and its 200 day moving average price is $88.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.52 and a current ratio of 0.66.

Sony Group (NYSE:SONY) last released its quarterly earnings data on Tuesday, May 14th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Sony Group had a return on equity of 13.05% and a net margin of 7.95%. The firm had revenue of $23.45 billion for the quarter, compared to analysts’ expectations of $18.97 billion. During the same period in the prior year, the firm posted $0.78 earnings per share. As a group, equities research analysts expect that Sony Group will post 5.84 EPS for the current year.

Institutional Trading of Sony Group

A number of large investors have recently modified their holdings of SONY. CVA Family Office LLC purchased a new position in Sony Group in the fourth quarter valued at $27,000. Fortitude Family Office LLC purchased a new position in Sony Group in the fourth quarter valued at $31,000. Sunbelt Securities Inc. purchased a new position in Sony Group in the first quarter valued at $29,000. Rise Advisors LLC increased its holdings 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 buying an additional 254 shares during the last quarter. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in Sony Group in the fourth quarter valued at $34,000. 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.