Sony Group Co. (NYSE:SONY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Sony Group Co. (NYSE:SONY) have earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $108.00.

Separately, StockNews.com raised shares of Sony Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SONY. SG Americas Securities LLC grew its holdings in Sony Group by 2,317.1% during the fourth quarter. SG Americas Securities LLC now owns 54,143 shares of the company’s stock worth $5,127,000 after purchasing an additional 51,903 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Sony Group by 4.7% during the 4th quarter. Wells Fargo & Company MN now owns 532,329 shares of the company’s stock worth $50,406,000 after acquiring an additional 23,724 shares during the period. Fifth Third Bancorp increased its holdings in shares of Sony Group by 290.8% during the 4th quarter. Fifth Third Bancorp now owns 44,095 shares of the company’s stock worth $4,175,000 after acquiring an additional 32,811 shares during the last quarter. US Bancorp DE raised 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 valued at $12,154,000 after acquiring an additional 55,129 shares during the period. Finally, Everpar Advisors LLC acquired a new stake in Sony Group during the 4th quarter valued at $907,000. Institutional investors own 14.05% of the company’s stock.

Sony Group Stock Down 1.2 %

Shares of NYSE:SONY opened at $85.65 on Friday. The company has a 50 day moving average price of $82.44 and a two-hundred day moving average price of $87.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.52 and a current ratio of 0.66. The company has a market capitalization of $105.71 billion, a PE ratio of 15.74 and a beta of 0.94. Sony Group has a 52 week low of $75.11 and a 52 week high of $100.88.

Sony Group shares are going to split before the market opens on Monday, September 30th. The 5-1 split was announced on Monday, September 30th. The newly created shares will be payable to shareholders after the market closes on Monday, September 30th.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.83 by $0.21. The business had revenue of $23.45 billion for the quarter, compared to analysts’ expectations of $18.97 billion. Sony Group had a net margin of 7.95% and a return on equity of 13.05%. During the same period in the previous year, the firm posted $0.78 EPS. Analysts forecast that Sony Group will post 5.58 earnings per share for the current year.

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.