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

Sony Group Co. (NYSE:SONY) has received a consensus rating of “Buy” from the five research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $24.00.

SONY has been the topic of several research reports. Sanford C. Bernstein started coverage on shares of Sony Group in a research report on Thursday. They issued an “outperform” rating on the stock. Oppenheimer reduced their target price on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. TD Cowen lowered their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. Finally, StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th.

Sony Group Stock Performance

NYSE:SONY opened at $20.64 on Wednesday. The company has a market cap of $124.79 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 12.41 and a beta of 0.95. Sony Group has a 1 year low of $15.02 and a 1 year high of $22.71. The stock’s 50 day simple moving average is $20.45 and its two-hundred day simple moving average is $12.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49.

Hedge Funds Weigh In On Sony Group

Hedge funds have recently added to or reduced their stakes in the company. Cardinal Capital Management Inc. lifted its stake in Sony Group by 403.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock worth $33,986,000 after purchasing an additional 1,287,259 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Sony Group by 400.4% in the fourth quarter. Avior Wealth Management LLC now owns 11,604 shares of the company’s stock worth $246,000 after buying an additional 9,285 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Sony Group by 424.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 143,093 shares of the company’s stock worth $3,028,000 after acquiring an additional 115,798 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Sony Group by 340.2% during the 4th quarter. SG Americas Securities LLC now owns 52,134 shares of the company’s stock worth $1,103,000 after acquiring an additional 40,290 shares during the last quarter. Finally, Cetera Trust Company N.A boosted its holdings in Sony Group by 418.4% during the 4th quarter. Cetera Trust Company N.A now owns 16,925 shares of the company’s stock valued at $358,000 after acquiring an additional 13,660 shares during the period. 14.05% of the stock is currently owned by institutional investors.

Sony Group Company Profile

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.