Sony Group (NYSE:SONY) Stock Rating Upgraded by StockNews.com

Sony Group (NYSE:SONY) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other analysts also recently commented on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $108.00 price objective on shares of Sony Group in a research report on Monday, February 26th. Macquarie cut shares of Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Sony Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

Sony Group Trading Down 0.6 %

SONY opened at $80.80 on Wednesday. Sony Group has a twelve month low of $75.11 and a twelve month high of $100.94. The company has a fifty day moving average of $83.65 and a 200-day moving average of $88.52. The stock has a market cap of $99.72 billion, a PE ratio of 14.85 and a beta of 0.95. 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 (NYSE:SONY) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. The firm had revenue of $23.45 billion during the quarter, compared to the consensus estimate of $18.97 billion. Sony Group had a return on equity of 13.05% and a net margin of 7.95%. During the same period last year, the business posted $0.78 EPS. On average, sell-side analysts predict that Sony Group will post 5.84 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SONY. JFS Wealth Advisors LLC raised its holdings in shares of 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 acquiring an additional 108 shares during the last quarter. Legacy Capital Group California Inc. raised its stake in shares of Sony Group by 2.4% in the fourth quarter. Legacy Capital Group California Inc. now owns 4,703 shares of the company’s stock worth $445,000 after purchasing an additional 110 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Sony Group by 16.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 786 shares of the company’s stock valued at $74,000 after purchasing an additional 112 shares in the last quarter. Gallacher Capital Management LLC boosted its position in shares of Sony Group by 3.9% during the third quarter. Gallacher Capital Management LLC now owns 3,215 shares of the company’s stock valued at $265,000 after buying an additional 121 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its holdings in Sony Group by 6.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 1,979 shares of the company’s stock worth $187,000 after buying an additional 127 shares in the last quarter. Institutional investors and hedge funds 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.