Sony Group (NYSE:SONY) Stock Rating Upgraded by StockNews.com

Sony Group (NYSE:SONY) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Separately, Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Sony Group has a consensus rating of “Buy” and an average price target of $21.60.

Sony Group Price Performance

Shares of SONY stock traded down $76.09 on Wednesday, hitting $19.05. 1,984,346 shares of the stock traded hands, compared to its average volume of 4,028,053. The firm has a market cap of $23.51 billion, a price-to-earnings ratio of 3.50 and a beta of 0.94. Sony Group has a 52 week low of $15.02 and a 52 week high of $20.18. The firm has a 50 day simple moving average of $29.09 and a two-hundred day simple moving average of $21.21. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63 and a quick ratio of 0.47.

Sony Group (NYSE:SONY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The firm had revenue of $19.32 billion for the quarter, compared to the consensus estimate 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 research analysts predict that Sony Group will post 3.03 earnings per share for the current fiscal year.

Institutional Trading of Sony Group

Hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Sony Group during the 2nd quarter valued at about $26,000. Sunbelt Securities Inc. purchased a new stake in shares of Sony Group during the 1st quarter valued at about $29,000. Rise Advisors LLC raised its position in shares of Sony Group by 259.2% during the 1st quarter. Rise Advisors LLC now owns 352 shares of the company’s stock valued at $30,000 after buying an additional 254 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Sony Group during the 2nd quarter valued at about $41,000. Finally, Family Firm Inc. purchased a new stake in shares of Sony Group during the 2nd quarter valued at about $44,000. 14.05% of the stock is currently 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.