Sony Group (NYSE:SONY) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Sony Group (NYSE:SONY) from a hold rating to a buy rating in a research report released on Wednesday.

Separately, Daiwa America upgraded Sony Group to a strong-buy rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $21.60.

Sony Group Price Performance

Sony Group stock opened at $19.05 on Wednesday. The company has a market cap of $23.51 billion, a P/E ratio of 3.50 and a beta of 0.94. Sony Group has a one year low of $15.02 and a one year high of $20.18. The business has a fifty day moving average of $29.11 and a two-hundred day moving average of $21.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.63.

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 during the quarter, compared to analysts’ expectations of $17.42 billion. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. As a group, analysts predict that Sony Group will post 3.03 earnings per share for the current fiscal year.

Institutional Trading of Sony Group

Institutional investors and hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Sony Group in the second quarter valued at $26,000. Sunbelt Securities Inc. purchased a new position in shares of Sony Group during the 1st quarter worth $29,000. Rise Advisors LLC boosted its holdings in shares of Sony Group by 259.2% during the first quarter. Rise Advisors LLC now owns 352 shares of the company’s stock worth $30,000 after purchasing an additional 254 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Sony Group in the second quarter valued at $41,000. Finally, Family Firm Inc. purchased a new stake in shares of Sony Group in the second quarter valued at $44,000. Hedge funds and other institutional investors own 14.05% of the company’s stock.

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.