Analysts Set Sony Group Co. (NYSE:SONY) Price Target at $24.00

Shares of Sony Group Co. (NYSE:SONY) have received a consensus rating of “Buy” from the four ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $24.00.

Several research firms recently weighed in on SONY. Oppenheimer reduced their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. TD Cowen dropped their price target on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th.

Sony Group Trading Up 0.7 %

Shares of SONY stock opened at $21.16 on Friday. Sony Group has a 1 year low of $15.02 and a 1 year high of $22.71. The firm has a market capitalization of $127.97 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 13.74 and a beta of 0.98. The stock has a fifty day moving average of $19.36 and a two-hundred day moving average of $10.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66.

Hedge Funds Weigh In On Sony Group

A number of hedge funds have recently modified their holdings of the stock. Fisher Asset Management LLC raised its position in Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after buying an additional 972,075 shares during the period. Mediolanum International Funds Ltd acquired a new stake in Sony Group in the third quarter valued at approximately $109,462,000. Marshall Wace LLP grew its position in Sony Group by 8,495.0% in the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after acquiring an additional 838,543 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Sony Group by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock worth $61,579,000 after purchasing an additional 2,974 shares in the last quarter. Finally, Sei Investments Co. increased its position in Sony Group by 3.5% during the second quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock worth $51,946,000 after buying an additional 20,802 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

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.