Brokerages Set Sony Group Co. (NYSE:SONY) PT at $108.00

Shares of Sony Group Co. (NYSE:SONYGet Free Report) have received an average recommendation of “Moderate Buy” from the five research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $108.00.

A number of research analysts have weighed in on the stock. Oppenheimer reiterated an “outperform” rating and issued a $108.00 price objective on shares of Sony Group in a research report on Monday, February 26th. StockNews.com upgraded shares of Sony Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd. Finally, Macquarie downgraded shares of Sony Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 15th.

Get Our Latest Stock Analysis on SONY

Sony Group Trading Up 0.7 %

Shares of Sony Group stock opened at $87.21 on Tuesday. The firm has a 50-day simple moving average of $82.61 and a two-hundred day simple moving average of $88.28. The company has a market cap of $107.64 billion, a P/E ratio of 16.03 and a beta of 0.95. Sony Group has a fifty-two week low of $75.11 and a fifty-two week high of $100.94. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.52 and a current ratio of 0.66.

Sony Group (NYSE:SONYGet Free Report) last issued its quarterly earnings data 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 business had revenue of $23.45 billion during the quarter, compared to the consensus estimate of $18.97 billion. Sony Group had a net margin of 7.95% and a return on equity of 13.05%. During the same quarter in the prior year, the firm posted $0.78 earnings per share. As a group, equities analysts predict that Sony Group will post 5.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC raised its holdings in Sony Group by 2,317.1% in the 4th quarter. SG Americas Securities LLC now owns 54,143 shares of the company’s stock valued at $5,127,000 after acquiring an additional 51,903 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Sony Group by 4.7% in the 4th quarter. Wells Fargo & Company MN now owns 532,329 shares of the company’s stock valued at $50,406,000 after acquiring an additional 23,724 shares during the last quarter. Fifth Third Bancorp raised its holdings in Sony Group by 290.8% in the 4th quarter. Fifth Third Bancorp now owns 44,095 shares of the company’s stock valued at $4,175,000 after acquiring an additional 32,811 shares during the last quarter. US Bancorp DE raised its holdings in Sony Group by 75.3% in the 4th quarter. US Bancorp DE now owns 128,351 shares of the company’s stock valued at $12,154,000 after acquiring an additional 55,129 shares during the last quarter. Finally, Everpar Advisors LLC acquired a new stake in Sony Group in the 4th quarter valued at about $907,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

About Sony Group

(Get Free Report

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.

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