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

Sony Group Co. (NYSE:SONY) has been given an average rating of “Buy” by the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $28.00.

Several research firms have commented on SONY. The Goldman Sachs Group assumed coverage on shares of Sony Group in a report on Tuesday, March 25th. They issued a “buy” rating on the stock. Wolfe Research restated a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, StockNews.com raised shares of Sony Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th.

Institutional Trading of Sony Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. American Trust purchased a new stake in shares of Sony Group in the 1st quarter valued at $350,000. Ascent Group LLC purchased a new stake in shares of Sony Group during the 1st quarter worth approximately $306,000. Polar Asset Management Partners Inc. acquired a new position in Sony Group in the first quarter valued at $5,958,000. NewEdge Advisors LLC boosted its position in shares of Sony Group by 34.3% in the 1st quarter. NewEdge Advisors LLC now owns 64,583 shares of the company’s stock valued at $1,640,000 after purchasing an additional 16,491 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Sony Group by 26.7% in the first quarter. AQR Capital Management LLC now owns 178,889 shares of the company’s stock valued at $4,542,000 after acquiring an additional 37,677 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Trading Up 1.5%

NYSE:SONY opened at $25.05 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $24.35 and a 200-day simple moving average of $22.46. The company has a market capitalization of $151.49 billion, a P/E ratio of 20.33, a PEG ratio of 9.95 and a beta of 0.97. Sony Group has a 12 month low of $15.67 and a 12 month high of $26.08.

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.