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

Shares of Sony Group Co. (NYSE:SONY) have been assigned a consensus recommendation of “Buy” from the five research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $24.00.

Several equities analysts have recently issued reports on the stock. StockNews.com lowered shares of Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Oppenheimer lowered their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Finally, Sanford C. Bernstein began coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock.

Hedge Funds Weigh In On Sony Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SONY. Silicon Valley Capital Partners lifted its holdings in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after purchasing an additional 927 shares in the last quarter. General Partner Inc. raised its position in Sony Group by 400.0% in the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock worth $26,000 after buying an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sony Group during the 4th quarter valued at about $26,000. Fairscale Capital LLC boosted its holdings in shares of Sony Group by 400.0% during the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock valued at $26,000 after acquiring an additional 992 shares during the last quarter. Finally, Hilltop National Bank grew its stake in shares of Sony Group by 346.3% in the fourth quarter. Hilltop National Bank now owns 1,513 shares of the company’s stock worth $32,000 after acquiring an additional 1,174 shares during the period. 14.05% of the stock is owned by institutional investors.

Sony Group Trading Down 0.3 %

Shares of NYSE SONY opened at $22.36 on Friday. Sony Group has a 1 year low of $15.02 and a 1 year high of $23.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The firm has a 50-day moving average of $21.33 and a 200 day moving average of $14.87. The stock has a market cap of $135.23 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 11.46 and a beta of 0.96.

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.