Sony Group Co. (NYSE:SONY) Receives Average Recommendation of “Buy” from Brokerages

Sony Group Co. (NYSE:SONY) has been given an average recommendation of “Buy” by the four research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $24.00.

Several equities research analysts have recently weighed in on SONY shares. Oppenheimer cut their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. TD Cowen reduced their price objective on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th.

Institutional Investors Weigh In On Sony Group

Large investors have recently modified their holdings of the company. &PARTNERS purchased a new stake in shares of Sony Group in the second quarter valued at about $765,000. Family Firm Inc. acquired a new stake in Sony Group during the 2nd quarter worth approximately $44,000. LRI Investments LLC grew its stake in shares of Sony Group by 2,044.9% in the 2nd quarter. LRI Investments LLC now owns 2,531 shares of the company’s stock valued at $215,000 after purchasing an additional 2,413 shares during the last quarter. Calamos Advisors LLC increased its holdings in shares of Sony Group by 17.6% in the second quarter. Calamos Advisors LLC now owns 14,694 shares of the company’s stock valued at $1,248,000 after purchasing an additional 2,203 shares during the period. Finally, Raymond James Trust N.A. increased its holdings in shares of Sony Group by 32.1% in the second quarter. Raymond James Trust N.A. now owns 12,612 shares of the company’s stock valued at $1,071,000 after purchasing an additional 3,064 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Group Stock Up 1.3 %

Sony Group stock opened at $21.46 on Friday. The stock has a market cap of $129.78 billion, a PE ratio of 17.56, a P/E/G ratio of 13.74 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The stock’s fifty day moving average is $19.62 and its two-hundred day moving average is $10.75. Sony Group has a 1-year low of $15.02 and a 1-year high of $22.71.

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.