Sony Group (NYSE:SONY) Rating Increased to Buy at StockNews.com

Sony Group (NYSE:SONY) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

A number of other analysts also recently commented on SONY. Wolfe Research started coverage on shares of Sony Group in a report on Tuesday, December 12th. They issued an “outperform” rating for the company. Oppenheimer restated an “outperform” rating and set a $108.00 price target on shares of Sony Group in a report on Monday, February 26th. Macquarie downgraded shares of Sony Group from an “outperform” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, TheStreet upgraded shares of Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.00.

Sony Group Price Performance

NYSE:SONY opened at $85.74 on Wednesday. Sony Group has a one year low of $79.62 and a one year high of $100.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.54 and a current ratio of 0.69. The firm has a market cap of $105.82 billion, a price-to-earnings ratio of 16.55 and a beta of 0.98. The firm’s fifty day moving average is $91.14 and its two-hundred day moving average is $88.88.

Sony Group (NYSE:SONY) last posted its earnings results on Wednesday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.32. The business had revenue of $25.38 billion for the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. Research analysts expect that Sony Group will post 5.19 EPS for the current year.

Hedge Funds Weigh In On Sony Group

A number of hedge funds have recently made changes to their positions in the stock. HighPoint Advisor Group LLC purchased a new position in shares of Sony Group during the 4th quarter worth approximately $247,000. Sivia Capital Partners LLC purchased a new position in shares of Sony Group during the 4th quarter worth approximately $294,000. SageView Advisory Group LLC purchased a new position in Sony Group in the 4th quarter valued at approximately $932,000. Fisher Asset Management LLC boosted its position in Sony Group by 5.7% in the 4th quarter. Fisher Asset Management LLC now owns 6,358,712 shares of the company’s stock valued at $602,106,000 after buying an additional 341,566 shares during the period. Finally, Integrated Advisors Network LLC boosted its position in Sony Group by 6.1% in the 4th quarter. Integrated Advisors Network LLC now owns 3,394 shares of the company’s stock valued at $321,000 after buying an additional 194 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

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.