Sony Group (NYSE:SONY) Earns “Outperform” Rating from Oppenheimer

Sony Group (NYSE:SONY)‘s stock had its “outperform” rating restated by stock analysts at Oppenheimer in a research note issued to investors on Thursday,Benzinga reports. They presently have a $33.00 price target on the stock, up from their previous price target of $25.00. Oppenheimer’s price objective would indicate a potential upside of 33.04% from the company’s current price.

SONY has been the topic of several other research reports. StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research report on Thursday, January 16th. They issued an “outperform” rating for the company. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $28.00.

Sony Group Stock Performance

Shares of SONY opened at $24.81 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group has a 1 year low of $15.02 and a 1 year high of $25.29. The firm has a fifty day moving average of $21.74 and a 200-day moving average of $15.86. The company has a market cap of $150.01 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 9.98 and a beta of 0.96.

Sony Group (NYSE:SONY) last posted its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion during the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. As a group, equities analysts anticipate that Sony Group will post 1.22 earnings per share for the current year.

Institutional Trading of Sony Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in SONY. Primecap Management Co. CA lifted its position in shares of Sony Group by 379.5% during the 4th quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company’s stock valued at $2,158,232,000 after acquiring an additional 80,724,932 shares during the last quarter. Aristotle Capital Management LLC boosted its position in shares of Sony Group by 393.7% in the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company’s stock valued at $1,116,653,000 after purchasing an additional 42,083,842 shares during the period. Fisher Asset Management LLC increased its stake in Sony Group by 425.9% in the 4th quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock worth $961,089,000 after purchasing an additional 36,783,737 shares in the last quarter. Bank of America Corp DE raised its holdings in Sony Group by 377.7% during the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company’s stock worth $503,713,000 after buying an additional 18,821,902 shares during the period. Finally, Fiduciary Management Inc. WI boosted its holdings in shares of Sony Group by 377.2% in the fourth quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company’s stock worth $218,382,000 after buying an additional 8,157,776 shares during the period. 14.05% of the stock is owned by institutional investors and hedge funds.

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.