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

Oppenheimer reiterated their outperform rating on shares of Sony Group (NYSE:SONY) in a research report sent to investors on Thursday,Benzinga reports. They currently have a $33.00 price target on the stock, up from their previous price target of $25.00.

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating for the company. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $28.00.

Sony Group Trading Up 0.8 %

SONY opened at $24.93 on Thursday. The company has a market cap of $150.74 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 9.98 and a beta of 0.96. The company has a fifty day moving average price of $21.68 and a two-hundred day moving average price of $15.71. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group has a 1-year low of $15.02 and a 1-year high of $24.95.

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

Hedge Funds Weigh In On Sony Group

A number of hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp purchased a new position in Sony Group during the fourth quarter worth about $7,800,000. Forum Financial Management LP lifted its position in shares of Sony Group by 536.0% during the 4th quarter. Forum Financial Management LP now owns 115,250 shares of the company’s stock worth $2,439,000 after buying an additional 97,130 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of Sony Group in the 4th quarter worth approximately $389,000. Toronto Dominion Bank grew its holdings in shares of Sony Group by 400.0% in the fourth quarter. Toronto Dominion Bank now owns 9,500 shares of the company’s stock valued at $201,000 after acquiring an additional 7,600 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Sony Group during the fourth quarter valued at approximately $543,000. 14.05% of the stock is owned by hedge funds and other institutional investors.

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.