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

Sony Group Co. (NYSE:SONY) has earned a consensus rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $28.00.

SONY has been the topic of several research reports. Wall Street Zen lowered Sony Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Oppenheimer restated an “outperform” rating and set a $33.00 price target (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Wolfe Research restated a “peer perform” rating on shares of Sony Group in a research report on Monday, April 7th. Finally, The Goldman Sachs Group began coverage on Sony Group in a research report on Tuesday, March 25th. They set a “buy” rating on the stock.

Institutional Investors Weigh In On Sony Group

Hedge funds have recently added to or reduced their stakes in the stock. Silicon Valley Capital Partners boosted its holdings in Sony Group by 401.3% in the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock worth $25,000 after acquiring an additional 927 shares in the last quarter. Capital Analysts LLC boosted its holdings in Sony Group by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock worth $25,000 after acquiring an additional 936 shares in the last quarter. City Holding Co. bought a new stake in Sony Group in the first quarter worth $30,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Sony Group in the fourth quarter worth $26,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in shares of Sony Group in the first quarter worth $31,000. 14.05% of the stock is owned by institutional investors.

Sony Group Trading Up 0.8%

NYSE SONY opened at $25.54 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group has a twelve month low of $15.67 and a twelve month high of $26.51. The firm has a market capitalization of $154.46 billion, a PE ratio of 20.73, a P/E/G ratio of 9.95 and a beta of 0.97. The stock’s 50 day moving average is $24.46 and its 200 day moving average is $22.71.

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.