Weiss Ratings Reaffirms Buy (B) Rating for Sony (NYSE:SONY)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B)" rating for Sony (NYSE:SONY), indicating confidence in the stock's performance despite recent market fluctuations.
• Several research firms, including Zacks Research and Cfra Research, have upgraded Sony's stock ratings, contributing to an average recommendation of "Buy" with a price target of $33.00.
• Sony reported a quarterly earnings beat, with EPS of $0.30 surpassing expectations, although revenue fell short of estimates, suggesting mixed financial results amid ongoing fiscal planning.

Sony (NYSE:SONY - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by stock analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

SONY has been the topic of several other research reports. Zacks Research raised shares of Sony from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 16th. Cfra Research raised shares of Sony to a "moderate buy" rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $33.00.

Sony Stock Performance

SONY opened at $28.65 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.16. The company has a market cap of $173.24 billion, a price-to-earnings ratio of 22.74 and a beta of 0.95. Sony has a 52-week low of $17.54 and a 52-week high of $30.28. The firm's fifty day simple moving average is $28.73 and its two-hundred day simple moving average is $26.41.

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

Hedge Funds Weigh In On Sony

A number of institutional investors and hedge funds have recently made changes to their positions in SONY. MGO One Seven LLC boosted its holdings in Sony by 3.1% in the third quarter. MGO One Seven LLC now owns 24,848 shares of the company's stock valued at $715,000 after purchasing an additional 753 shares in the last quarter. Forum Financial Management LP boosted its holdings in Sony by 7.5% in the third quarter. Forum Financial Management LP now owns 118,617 shares of the company's stock valued at $3,415,000 after purchasing an additional 8,300 shares in the last quarter. Philip James Wealth Mangement LLC boosted its holdings in Sony by 26.6% in the third quarter. Philip James Wealth Mangement LLC now owns 20,200 shares of the company's stock valued at $582,000 after purchasing an additional 4,247 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Sony by 120.2% in the third quarter. Venturi Wealth Management LLC now owns 31,469 shares of the company's stock valued at $906,000 after purchasing an additional 17,179 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in Sony by 55.9% in the third quarter. Benjamin Edwards Inc. now owns 58,776 shares of the company's stock valued at $1,692,000 after purchasing an additional 21,073 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

About Sony

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.

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