Brokerages Set Sony Group Co. (NYSE:SONY) Target Price at $28.00

Sony Group Co. (NYSE:SONY) has been given a consensus rating of “Buy” by the four research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $28.00.

A number of analysts recently weighed in on SONY shares. Sanford C. Bernstein started coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. Oppenheimer restated an “outperform” rating and issued a $33.00 price target (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Institutional Trading of Sony Group

A number of institutional investors have recently bought and sold shares of the company. Fiduciary Trust Co boosted its position in Sony Group by 13.4% during the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock worth $479,000 after purchasing an additional 585 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Sony Group by 14.9% during the third quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock worth $447,000 after purchasing an additional 599 shares in the last quarter. West Family Investments Inc. boosted its position in Sony Group by 13.0% during the third quarter. West Family Investments Inc. now owns 5,422 shares of the company’s stock worth $524,000 after purchasing an additional 623 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Sony Group by 106.2% during the third quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after purchasing an additional 716 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in shares of Sony Group by 23.2% in the third quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company’s stock valued at $352,000 after acquiring an additional 751 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Trading Up 3.0 %

NYSE:SONY opened at $23.65 on Thursday. The firm has a market cap of $143.00 billion, a P/E ratio of 19.19, a PEG ratio of 9.95 and a beta of 0.91. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock’s 50 day simple moving average is $22.56 and its 200-day simple moving average is $17.84. Sony Group has a 12-month low of $15.02 and a 12-month high of $25.64.

Sony Group (NYSE:SONY) last released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion for the quarter, compared to analyst estimates of $24.32 billion. Equities analysts anticipate that Sony Group will post 1.23 EPS for the current year.

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.