Sony Group Co. (NYSE:SONY) Receives Consensus Rating of “Hold” from Brokerages

Sony Group Co. (NYSE:SONY – Get Rating) has been assigned an average recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $109.67.

Several equities research analysts have issued reports on the stock. Cowen lowered their price objective on shares of Sony Group from $144.00 to $102.00 in a research report on Wednesday, November 2nd. TheStreet raised shares of Sony Group from a “c+” rating to a “b-” rating in a research report on Monday, December 5th. Cowen lowered their price objective on shares of Sony Group from $144.00 to $102.00 in a research report on Wednesday, November 2nd. Finally, StockNews.com initiated coverage on shares of Sony Group in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.

Sony Group Price Performance

SONY stock opened at $89.29 on Friday. The stock has a market cap of $110.45 billion, a PE ratio of 14.64, a P/E/G ratio of 2.82 and a beta of 1.00. The company has a current ratio of 0.58, a quick ratio of 0.43 and a debt-to-equity ratio of 0.19. Sony Group has a 12 month low of $61.72 and a 12 month high of $119.00. The company has a 50-day moving average price of $80.84 and a 200 day moving average price of $78.02.

Sony Group (NYSE:SONY – Get Rating) last released its quarterly earnings data on Tuesday, November 1st. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.47. The company had revenue of $19.93 billion during the quarter, compared to analysts’ expectations of $21.17 billion. Sony Group had a net margin of 9.05% and a return on equity of 12.23%. Equities research analysts anticipate that Sony Group will post 5.27 earnings per share for the current year.

Institutional Investors Weigh In On Sony Group

Several hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its position in shares of Sony Group by 2.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,610 shares of the company’s stock worth $459,000 after purchasing an additional 116 shares during the period. Clarius Group LLC lifted its position in shares of Sony Group by 2.5% in the 2nd quarter. Clarius Group LLC now owns 4,920 shares of the company’s stock worth $402,000 after purchasing an additional 121 shares during the period. Rosenberg Matthew Hamilton lifted its position in shares of Sony Group by 8.3% in the 4th quarter. Rosenberg Matthew Hamilton now owns 1,615 shares of the company’s stock worth $123,000 after purchasing an additional 124 shares during the period. Lindbrook Capital LLC raised its stake in shares of Sony Group by 4.1% during the 2nd quarter. Lindbrook Capital LLC now owns 3,570 shares of the company’s stock worth $292,000 after acquiring an additional 139 shares in the last quarter. Finally, Bayesian Capital Management LP raised its stake in shares of Sony Group by 3.3% during the 3rd quarter. Bayesian Capital Management LP now owns 4,616 shares of the company’s stock worth $296,000 after acquiring an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 7.74% of the company’s stock.

About Sony Group

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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 and portable game consoles, packaged software, and peripheral devices.