Sony Group Co. (NYSE:SONY) Receives $24.00 Average PT from Analysts

Sony Group Co. (NYSE:SONY) has received a consensus recommendation of “Buy” from the four analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $24.00.

Several analysts have recently issued reports on the company. Oppenheimer reduced their price objective on Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Cowen decreased their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 11th. 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

Several hedge funds and other institutional investors have recently made changes to their positions in SONY. Synovus Financial Corp raised its position in Sony Group by 2.4% in the third quarter. Synovus Financial Corp now owns 50,514 shares of the company’s stock worth $4,878,000 after acquiring an additional 1,177 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Sony Group during the 3rd quarter worth $244,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Sony Group in the 3rd quarter valued at about $287,000. World Investment Advisors LLC acquired a new stake in shares of Sony Group in the third quarter valued at about $2,073,000. Finally, Sanctuary Advisors LLC boosted its holdings in Sony Group by 601.1% during the third quarter. Sanctuary Advisors LLC now owns 257,329 shares of the company’s stock worth $24,850,000 after buying an additional 220,628 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Down 0.1 %

Shares of NYSE:SONY opened at $21.14 on Friday. The firm has a market capitalization of $127.85 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 13.74 and a beta of 0.98. Sony Group has a 1 year low of $15.02 and a 1 year high of $22.71. 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’s 50-day moving average is $19.50 and its two-hundred day moving average is $10.55.

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.