Sony Group Co. (NYSE:SONY) Given Consensus Rating of “Moderate Buy” by Brokerages

Sony Group Co. (NYSE:SONY) has been assigned a consensus recommendation of “Moderate Buy” from the four ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $108.00.

Separately, StockNews.com raised Sony Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd.

Institutional Trading of Sony Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Sony Group during the 2nd quarter valued at approximately $26,000. CVA Family Office LLC bought a new stake in Sony Group in the 4th quarter worth approximately $27,000. Sunbelt Securities Inc. bought a new stake in Sony Group in the 1st quarter worth approximately $29,000. Rise Advisors LLC increased its stake in Sony Group by 259.2% in the 1st 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, Pacific Capital Wealth Advisors Inc. bought a new stake in Sony Group in the 4th quarter worth approximately $34,000. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Up 2.3 %

NYSE SONY opened at $88.38 on Wednesday. The stock’s 50-day moving average price is $85.96 and its 200-day moving average price is $87.26. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 0.27. Sony Group has a 52 week low of $75.11 and a 52 week high of $100.88. The company has a market capitalization of $109.08 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 9.10 and a beta of 0.94.

Sony Group’s stock is scheduled to split on the morning of Monday, September 30th. The 5-1 split was announced on Monday, September 30th. The newly issued shares will be payable to shareholders after the closing bell on Monday, September 30th.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $1.04 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $18.97 billion. During the same quarter last year, the company earned $0.78 earnings per share. On average, equities research analysts predict that Sony Group will post 5.58 earnings per share for the current year.

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.