Shares of Sony Group Co. (NYSE:SONY – Get Rating) received an average recommendation of “Hold” from the seven research firms that currently cover the company, Marketbeat.com reports. Three research analysts rated the stock with a hold recommendation and two gave the company a buy recommendation. The 12-month average price target among brokers who have quoted the stock over the past year is $125.00.
SONY has been the subject of a number of recent analyst reports. Macquarie upgraded Sony Group shares from a “neutral” rating to an “outperforming” rating in a Friday July 8 research report. Citigroup downgraded Sony Group shares from a “buy” rating to a “neutral” rating in a Tuesday, July 5 research report. TheStreet downgraded shares of Sony Group from a “b-” rating to a “c+” rating in a Tuesday, July 5 report. Finally, Goldman Sachs Group began covering Sony Group shares in a report on Wednesday, September 7. They issued a “neutral” rating on the title.
Institutional investors weigh on the Sony group
A number of large investors have recently changed their positions in SONY. Theleme Partners LLP acquired a new stake in Sony Group shares during the first quarter worth approximately $69,098,000. AGF Investments Inc. increased its stake in Sony Group shares by 39.6% during the first quarter. AGF Investments Inc. now owns 1,535,680 shares of the company valued at $157,730,000 after acquiring an additional 435,542 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Sony Group shares during the first quarter valued at approximately $38,003,000. Renaissance Technologies LLC acquired a new stake in Sony Group shares during the second quarter valued at approximately $20,444,000. Finally, Aaron Wealth Advisors LLC increased its holdings of Sony Group shares by 10,993.0% during the first quarter. Aaron Wealth Advisors LLC now owns 243,936 shares of the company valued at $2,375,000 after acquiring an additional 241,737 shares during the period. Institutional investors and hedge funds hold 7.69% of the company’s shares.
Sony Group trades up 0.0%
Sony Group shares opened at $71.88 on Friday. Sony Group has a 52-week low of $71.51 and a 52-week high of $133.75. The company has a market capitalization of $88.92 billion, a price-earnings ratio of 11.76, a PEG ratio of 2.18 and a beta of 0.89. The company has a 50-day moving average price of $82.31 and a two-hundred-day moving average price of $88.18. The company has a quick ratio of 0.47, a current ratio of 0.60 and a debt ratio of 0.17.
Sony Group (NYSE:SONY – Get Rating) last released its quarterly results on Friday, July 29. The company reported EPS of $1.35 for the quarter, beating analyst consensus estimates of $1.15 by $0.20. Sony Group had a net margin of 8.91% and a return on equity of 11.54%. The company posted revenue of $17.84 billion for the quarter, versus a consensus estimate of $19.36 billion. Sell-side analysts expect Sony Group to post earnings per share of 5.09 for the current year.
Sony Group Company Profile
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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, Asia-Pacific and the international. The Company distributes software titles and complementary content through digital networks; network services relating to game, video and music content; and home and portable game consoles, embedded software and peripherals.
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