Sony Corporation (NYSE:SONY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Sony Corporation (NYSE:SONY) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on 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 Wednesday.

Sony Trading Up 0.3%

NYSE:SONY opened at $29.84 on Friday. Sony has a 1-year low of $17.42 and a 1-year high of $30.29. The business’s 50-day moving average price is $28.21 and its two-hundred day moving average price is $26.05. The firm has a market capitalization of $180.44 billion, a price-to-earnings ratio of 23.68 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16.

Sony (NYSE:SONY) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.06. Sony had a return on equity of 13.88% and a net margin of 9.14%.The company had revenue of $17.79 billion during the quarter, compared to the consensus estimate of $18.88 billion. During the same period in the prior year, the company earned $189.90 earnings per share. Sony has set its FY 2025 guidance at EPS. On average, equities analysts expect that Sony will post 1.23 earnings per share for the current year.

Institutional Investors Weigh In On Sony

Large investors have recently modified their holdings of the business. Voya Investment Management LLC grew its holdings in shares of Sony by 86.6% during the third quarter. Voya Investment Management LLC now owns 146,070 shares of the company’s stock worth $4,205,000 after buying an additional 67,770 shares in the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of Sony by 5.9% during the third quarter. Contravisory Investment Management Inc. now owns 10,183 shares of the company’s stock worth $293,000 after buying an additional 568 shares in the last quarter. Riversedge Advisors LLC grew its holdings in shares of Sony by 9.7% during the third quarter. Riversedge Advisors LLC now owns 11,887 shares of the company’s stock worth $342,000 after buying an additional 1,052 shares in the last quarter. Hilltop National Bank grew its holdings in shares of Sony by 19.1% during the third quarter. Hilltop National Bank now owns 4,889 shares of the company’s stock worth $141,000 after buying an additional 784 shares in the last quarter. Finally, Wedmont Private Capital grew its holdings in shares of Sony by 4.5% during the third quarter. Wedmont Private Capital now owns 19,732 shares of the company’s stock worth $587,000 after buying an additional 853 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

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.