In yesterday’s Wall Street session, Sony Group Corporation (NYSE:SONY) shares traded at $91.24, up 1.78% from the previous session.
As of this writing, 24 analysts cover Sony Group Corporation (NYSE:SONY). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $143.88 and a low of $92.09, we find $115.83. Given the previous closing price of $89.64, this indicates a potential upside of 29.22 percent. SONY stock price is now -3.41% away from the 50-day moving average and 7.95% away from the 200-day moving average. The market capitalization of the company currently stands at $114.86B.
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There are 2 analysts who have given it a hold rating, whereas 21 have given it a buy rating. Brokers who have rated the stock have averaged $117.02 as their price target over the next twelve months.
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 SCULPTOR CAPITAL LP during the first quarter worth $47,664,000. CLARK CAPITAL MANAGEMENT GROUP, INC. invested $46,572,000 in shares of SONY during the first quarter. In the first quarter, FORESIGHT GLOBAL INVESTORS, INC. acquired a new stake in Sony Group Corporation valued at approximately $17,398,000. 3G CAPITAL PARTNERS LP acquired a new stake in SONY for approximately $7,984,000. ORION PORTFOLIO SOLUTIONS, LLC purchased a new stake in SONY valued at around $6,521,000 in the second quarter. In total, there are 708 active investors with 7.80% ownership of the company’s stock.
Wednesday morning saw Sony Group Corporation (NYSE: SONY) opened at $89.65. During the past 12 months, Sony Group Corporation has had a low of $61.72 and a high of $100.94. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 0.60, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $123.89B, which is based on a 17.41 price-to-earnings ratio, a 2.95 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for SONY is $94.49 and a two-hundred day moving average price translates $84.63 for the stock.
The latest earnings results from Sony Group Corporation (NYSE: SONY) was released for Mar, 2023. The net profit margin was 8.10% and return on equity was 13.60% for SONY. The company reported revenue of $23.55 billion for the quarter, compared to $19.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.61 percent.
Moreover, the firm recently paid out its quarterly dividend on 12/08/2022. Investors who held shares on 09/30/2022 were paid a $0.257921 dividend. On an annualized basis, this represents a $0.54 dividend and a 0.60% percent yield. There was an ex-dividend date of 09/29/2022 for this dividend. In terms of dividend payout ratio, SONY is presently at 9.89%.
