Sony Group Co. (NYSE:SONY) Receives Consensus Recommendation of “Buy” from Brokerages

Sony Group Co. (NYSE:SONY) has received an average rating of “Buy” from the four brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $24.00.

A number of equities analysts recently issued reports on the company. Oppenheimer lowered their price target on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. TD Cowen dropped their target price 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. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th.

Institutional Trading of Sony Group

A number of large investors have recently made changes to their positions in the stock. Ridgewood Investments LLC acquired a new stake in Sony Group in the 2nd quarter worth about $41,000. Family Firm Inc. purchased a new stake in Sony Group in the second quarter valued at approximately $44,000. Hexagon Capital Partners LLC increased its position in Sony Group by 38.6% during the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after purchasing an additional 233 shares during the last quarter. Eagle Bay Advisors LLC boosted its holdings in shares of Sony Group by 1,679.0% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,441 shares of the company’s stock valued at $122,000 after purchasing an additional 1,360 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in Sony Group during the second quarter valued at about $123,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Performance

NYSE:SONY opened at $21.02 on Friday. Sony Group has a 52 week low of $15.02 and a 52 week high of $22.71. The company has a fifty day simple moving average of $19.36 and a two-hundred day simple moving average of $10.13. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The company has a market cap of $127.12 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 13.74 and a beta of 0.98.

About Sony Group

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.