Sony Group Co. (NYSE:SONY) Receives $108.00 Average Price Target from Analysts

Shares of Sony Group Co. (NYSE:SONY) have been assigned an average rating of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $108.00.

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

Sony Group Trading Up 0.4 %

NYSE:SONY opened at $85.31 on Friday. Sony Group has a 52-week low of $75.11 and a 52-week high of $100.88. The company has a quick ratio of 0.52, a current ratio of 0.66 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $82.28 and a 200-day simple moving average of $87.68. The company has a market capitalization of $105.29 billion, a PE ratio of 15.68 and a beta of 0.94.

Sony Group’s stock is set to split on the morning of Monday, September 30th. The 5-1 split was announced on Monday, September 30th. The newly issued shares will be payable to shareholders after the closing bell on Monday, September 30th.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Tuesday, May 14th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.21. The company 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 last year, the company earned $0.78 EPS. On average, equities research analysts expect that Sony Group will post 5.6 earnings per share for the current fiscal year.

Institutional Trading of Sony Group

A number of institutional investors have recently modified their holdings of the company. CVA Family Office LLC purchased a new stake in Sony Group during the fourth quarter worth approximately $27,000. Sunbelt Securities Inc. purchased a new stake in Sony Group during the 1st quarter worth $29,000. Rise Advisors LLC increased its holdings in Sony Group by 259.2% in the 1st quarter. Rise Advisors LLC now owns 352 shares of the company’s stock valued at $30,000 after purchasing an additional 254 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in Sony Group in the 4th quarter valued at $31,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in Sony Group in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

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.