Sony Corporation (NYSE:SONY) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Sony Corporation has received a consensus recommendation of "Moderate Buy" from six research firms, with one hold rating and five buy ratings.
• The average twelve-month target price for Sony stock among brokerages is $28.00, while shares are currently trading at $28.96.
• Institutional investors own 14.05% of Sony's stock, with notable acquisitions from NewSquare Capital and GPS Wealth Strategies Group in recent quarters.

Sony Corporation (NYSE:SONY - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $28.00.

Separately, Weiss Ratings restated a "buy (b)" rating on shares of Sony in a report on Saturday, September 27th.

Hedge Funds Weigh In On Sony

Institutional investors have recently made changes to their positions in the stock. NewSquare Capital LLC acquired a new position in shares of Sony during the second quarter valued at about $28,000. City Holding Co. acquired a new stake in shares of Sony in the 1st quarter worth about $30,000. GPS Wealth Strategies Group LLC raised its holdings in shares of Sony by 220.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,148 shares of the company's stock worth $30,000 after acquiring an additional 790 shares during the last quarter. Country Trust Bank acquired a new stake in shares of Sony in the 2nd quarter worth about $30,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Sony in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Trading Up 3.1%

Shares of Sony stock traded up $0.88 during trading on Friday, hitting $28.96. The company's stock had a trading volume of 4,294,113 shares, compared to its average volume of 4,011,744. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.09 and a quick ratio of 1.03. Sony has a 52 week low of $17.42 and a 52 week high of $30.25. The stock has a market cap of $175.11 billion, a price-to-earnings ratio of 22.98 and a beta of 0.95. The stock has a 50-day moving average price of $27.76 and a two-hundred day moving average price of $25.92.

Sony (NYSE:SONY - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. The company had revenue of $17.79 billion for the quarter, compared to analysts' expectations of $18.88 billion. Sony had a net margin of 9.14% and a return on equity of 13.88%. During the same quarter in the previous year, the firm posted $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Sony will post 1.23 EPS for the current fiscal year.

Sony 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.