Sony Group Co. (NYSE:SONY) Receives $24.00 Consensus Target Price from Analysts

Sony Group Co. (NYSE:SONY) has received a consensus recommendation of “Buy” from the four brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $24.00.

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. Oppenheimer cut their target price on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. Finally, TD Cowen decreased their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th.

Sony Group Stock Performance

NYSE SONY opened at $21.46 on Friday. The stock has a fifty day simple moving average of $19.62 and a 200-day simple moving average of $10.75. 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 stock has a market cap of $129.78 billion, a PE ratio of 17.56, a P/E/G ratio of 13.74 and a beta of 0.98. Sony Group has a twelve month low of $15.02 and a twelve month high of $22.71.

Institutional Investors Weigh In On Sony Group

Large investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. increased its position in shares of Sony Group by 1.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 8,656 shares of the company’s stock worth $735,000 after acquiring an additional 124 shares during the period. Belpointe Asset Management LLC raised its position in Sony Group by 1.4% in the 2nd quarter. Belpointe Asset Management LLC now owns 9,265 shares of the company’s stock valued at $787,000 after purchasing an additional 128 shares in the last quarter. Wealth Alliance boosted its stake in shares of Sony Group by 1.2% in the 2nd quarter. Wealth Alliance now owns 11,977 shares of the company’s stock valued at $1,017,000 after buying an additional 141 shares during the period. Johnson Investment Counsel Inc. grew its position in shares of Sony Group by 1.8% during the second quarter. Johnson Investment Counsel Inc. now owns 8,346 shares of the company’s stock worth $709,000 after buying an additional 146 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its stake in shares of Sony Group by 4.8% during the second quarter. Resonant Capital Advisors LLC now owns 3,217 shares of the company’s stock worth $273,000 after buying an additional 147 shares during the period. 14.05% of the stock is owned by hedge funds and other 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.