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

Sony Group Co. (NYSE:SONY) has earned an average recommendation of “Moderate Buy” from the four analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $108.00.

Separately, StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Wednesday.

Institutional Investors Weigh In On Sony Group

A number of large investors have recently made changes to their positions in SONY. JFS Wealth Advisors LLC raised its holdings in Sony Group by 24.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 544 shares of the company’s stock worth $52,000 after purchasing an additional 108 shares in the last quarter. Legacy Capital Group California Inc. boosted its position in Sony Group by 2.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 4,703 shares of the company’s stock valued at $445,000 after acquiring an additional 110 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Sony Group by 16.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 786 shares of the company’s stock worth $74,000 after acquiring an additional 112 shares during the period. American National Bank lifted its stake in shares of Sony Group by 11.3% in the 2nd quarter. American National Bank now owns 1,172 shares of the company’s stock valued at $100,000 after purchasing an additional 119 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Sony Group by 1.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 8,656 shares of the company’s stock valued at $735,000 after purchasing an additional 124 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Sony Group Price Performance

Shares of NYSE SONY opened at $91.30 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.63. Sony Group has a fifty-two week low of $75.11 and a fifty-two week high of $100.88. The stock has a market cap of $112.68 billion, a PE ratio of 16.78 and a beta of 0.94. The stock has a fifty day moving average of $87.37 and a 200-day moving average of $86.13.

Sony Group’s stock is set to split on Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly minted shares will be distributed to shareholders after the closing bell on Monday, September 30th.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. The company had revenue of $19.32 billion during the quarter, compared to the consensus estimate of $17.42 billion. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. Equities research analysts anticipate that Sony Group will post 5.68 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.