Sony Group Corporation (NYSE:SONY) shares traded 2.11% higher at $86.07 on Wall Street last session.
As we calculate the median target price by taking the range between a high of $147.97 and a low of $82.91, we find $104.37. Given the previous closing price of $84.29, this indicates a potential upside of 23.82 percent. SONY stock price is now 8.97% away from the 50-day moving average and 5.58% away from the 200-day moving average. The market capitalization of the company currently stands at $104.43B.
Brokers who have rated the stock have averaged $109.81 as their price target over the next twelve months.
, while ‘Citigroup’ rates the stock as ‘Neutral’.
There have been several recent changes in the stakes of large investors in SONY stock. A new stake in Sony Group Corporation shares was purchased by OLD MISSION CAPITAL, LLC during the first quarter worth $51,878,000. PRICE T ROWE ASSOCIATES INC /MD/ invested $3,979,000 in shares of SONY during the first quarter. In the first quarter, CAMPBELL & CO INVESTMENT ADVISER LLC acquired a new stake in Sony Group Corporation valued at approximately $2,408,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in SONY for approximately $2,160,000. TREXQUANT INVESTMENT LP purchased a new stake in SONY valued at around $2,007,000 in the second quarter. In total, there are 684 active investors with 7.80% ownership of the company’s stock.
Sony Group Corporation (NYSE: SONY) opened at $84.65 on Thursday. During the past 12 months, Sony Group Corporation has had a low of $61.72 and a high of $127.65. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 0.60, and a quick ratio of 0.40. The fifty day moving average price for SONY is $79.36 and a two-hundred day moving average price translates $81.43 for the stock.
The latest earnings results from Sony Group Corporation (NYSE: SONY) was released for Jun, 2022. According to the Consumer Electronics Company, earnings per share came in at $0.77, missing analysts’ expectations of $0.85 by -0.08. This compares to $1.56 EPS in the same period last year. The net profit margin was 9.10% and return on equity was 13.30% for SONY. The company reported revenue of $19.81 billion for the quarter, compared to $21.56 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.11 percent. For the current quarter, analysts expect SONY to generate $18.04B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/10/2022. Investors who held shares on 03/30/2022 were paid a $0.267216 dividend. On an annualized basis, this represents a $0.53 dividend and a 0.61% percent yield. There was an ex-dividend date of 03/29/2022 for this dividend. In terms of dividend payout ratio, SONY is presently at 537.00%.
Sony Group Corporation(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 and portable game consoles, packaged software, and peripheral devices. It also develops, produces, markets, and distributes recorded music; publishes music; and produces and distributes animation titles, game applications, and various services for music and visual products. In addition, the company produces, acquires, and distributes live-action and animated motion pictures for theatrical release, as well as scripted and animated series, unscripted reality or light entertainment, daytime serials, game shows, television movies, and miniseries and other television programs; operates a visual effects and animation unit; manages a studio facility; and operates television and digital networks, and post-production facilities. Further, it researches, develops, designs, produces, markets, distributes, sells, and services televisions, and video and sound products; interchangeable lens, compact digital, and consumer and professional video cameras; projectors and medical equipment; mobile phones, tablets, accessories, and applications; and metal oxide semiconductor image sensors, charge-coupled devices, integration systems, and other semiconductors. Additionally, it offers Internet broadband network services; recording media, and storage media products; and life and non-life insurance, banking, and other services, as well as creates and distributes content for PCs and mobile phones. The company was formerly known as Sony Corporation and changed its name to Sony Group Corporation in April 2021. Sony Group Corporation was incorporated in 1946 and is headquartered in Tokyo, Japan.