Sony Group Co. (NYSE:SONY) Receives $24.00 Consensus Price Target from Analysts

Sony Group Co. (NYSE:SONY) has received a consensus recommendation of “Buy” from the five analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $24.00.

A number of brokerages have recently issued reports on SONY. Daiwa America upgraded Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. TD Cowen cut their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, Oppenheimer decreased their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th.

Sony Group Price Performance

Shares of Sony Group stock opened at $20.01 on Tuesday. The business’s fifty day moving average price is $17.19 and its 200 day moving average price is $8.33. Sony Group has a twelve month low of $15.02 and a twelve month high of $20.67. 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 has a market capitalization of $121.01 billion, a P/E ratio of 16.37, a PEG ratio of 12.70 and a beta of 0.98.

Institutional Investors Weigh In On Sony Group

Large investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Sony Group in the 2nd quarter valued at about $26,000. Ridgewood Investments LLC purchased a new position in Sony Group in the second quarter valued at about $41,000. Family Firm Inc. acquired a new stake in Sony Group during the 2nd quarter valued at approximately $44,000. Hobbs Group Advisors LLC purchased a new stake in Sony Group during the 2nd quarter worth approximately $49,000. Finally, Hexagon Capital Partners LLC raised its position in shares of Sony Group by 38.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock valued at $81,000 after purchasing an additional 233 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

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.