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

Shares of Sony Group Co. (NYSE:SONY) have received a consensus recommendation of “Moderate Buy” from the four research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $108.00.

Separately, StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st.

Institutional Trading of Sony Group

Institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN lifted its stake in Sony Group by 4.7% in the 4th quarter. Wells Fargo & Company MN now owns 532,329 shares of the company’s stock worth $50,406,000 after purchasing an additional 23,724 shares in the last quarter. US Bancorp DE lifted its stake in Sony Group by 75.3% in the 4th quarter. US Bancorp DE now owns 128,351 shares of the company’s stock worth $12,154,000 after purchasing an additional 55,129 shares in the last quarter. Ethic Inc. lifted its stake in Sony Group by 18.0% in the 4th quarter. Ethic Inc. now owns 119,939 shares of the company’s stock worth $11,357,000 after purchasing an additional 18,334 shares in the last quarter. Ellsworth Advisors LLC purchased a new stake in Sony Group in the 2nd quarter worth approximately $1,413,000. Finally, Harding Loevner LP lifted its stake in Sony Group by 2,206.6% in the 4th quarter. Harding Loevner LP now owns 2,280,016 shares of the company’s stock worth $219,419,000 after purchasing an additional 2,181,169 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Down 0.1 %

SONY opened at $90.49 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. The stock has a market cap of $111.68 billion, a price-to-earnings ratio of 16.63 and a beta of 0.95. Sony Group has a twelve month low of $75.11 and a twelve month high of $100.88. The company’s 50-day moving average price is $91.05 and its two-hundred day moving average price is $86.47.

Shares of Sony Group are scheduled to split on the morning of Monday, September 30th. The 5-1 split was announced on Tuesday, May 14th. The newly created shares will be payable to shareholders after the market closes on Monday, September 30th.

Sony Group (NYSE:SONY) last released its earnings results on Wednesday, August 7th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The firm had revenue of $19.32 billion for the quarter, compared to analysts’ expectations of $17.42 billion. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. As a group, equities analysts expect that Sony Group will post 5.63 earnings per share for the current year.

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.