NYSE:SONY

Sony Group (SONY) Stock Forecast, Price & News

$85.58

+0.14 (+0.16%)

(As of 08/11/2023 08:49 PM ET)

Compare

Today's Range: $84.63
▼
$85.79
50-Day Range: $83.86
▼
$100.19
52-Week Range: $61.72
▼
$100.94

Volume: 775,700 shs
Average Volume: 802,097 shs
Market Capitalization: $105.60 billion

P/E Ratio: 15.65
Dividend Yield: 0.49%
Price Target: $110.00

Sony Group MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 28.5% Upside
$110.00 Price Target
Short Interest: Healthy
0.10% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.47
Based on 23 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.43%
From $5.51 to $6.36 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.88 out of 5 stars

Consumer Discretionary Sector

25th out of 268 stocks

Household Audio & Video Equipment Industry

1st out of 7 stocks

3.5

Analyst's Opinion

Consensus Rating
Sony Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $110.00, Sony Group has a forecasted upside of 28.5% from its current price of $85.58.
Amount of Analyst Coverage
Sony Group has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.10% of the float of Sony Group has been sold short.
Short Interest Ratio / Days to Cover
Sony Group has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Sony Group has recently decreased by 15.69%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Sony Group has a dividend yield of 0.49%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Sony Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Sony Group is 7.68%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Sony Group will have a dividend payout ratio of 6.60% next year. This indicates that Sony Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SONY.

2.5

News and Social Media Coverage

News Sentiment
Sony Group has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 23 news articles for Sony Group this week, compared to 12 articles on an average week.
Search Interest
45 people have searched for SONY on MarketBeat in the last 30 days. This is an increase of 246% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Sony Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sony Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 7.00% of the stock of Sony Group is held by insiders.
Percentage Held by Institutions
Only 7.90% of the stock of Sony Group is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Sony Group are expected to grow by 15.43% in the coming year, from $5.51 to $6.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sony Group is 15.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sony Group is 15.65, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 20.12.
Price to Earnings Growth Ratio
Sony Group has a PEG Ratio of 3.63. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Sony Group has a P/B Ratio of 1.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Sony Group (NYSE:SONY) Stock

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. 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; operation of television networks and direct-to-consumer streaming services; operates a visual effects and animation unit; and manages a studio facility. Further, it researches, develops, designs, produces, markets, distributes, sells, and services televisions, and video and sound products; interchangeable lens, as well as compact digital, and consumer and professional video cameras; projectors and medical equipment; mobile phones, 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.

SONY Price History

30 days | 90 days | 365 days | Advanced Chart

SONY Stock News Headlines

July 25, 2023 | insidertrades.com

Masimo, Medical Device Maker Drops on Q2 Guidance, Opportunity? (SONY)

August 13, 2023 | msn.com

Zee-Sony $10B Merger Approved, Spotlight on Cricket Broadcasting

August 14, 2023 | Chaikin Analytics (Ad)

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NVDA is likely not the best buy for A.I. investors. 50-year Wall Street veteran Marc Chaikin reveals what to buy instead. Learn more here.

August 12, 2023 | finance.yahoo.com

Sony Group Corporation (NYSE:SONY) Q1 2023 Earnings Call Transcript

August 12, 2023 | news.yahoo.com

Sony and other music labels sue Internet Archive for digitizing old records

August 11, 2023 | msn.com

Sony Seems To Be Working On Its Very Own Gaming Gloves

August 10, 2023 | msn.com

India's Zee and Sony inch closer to becoming a $10 billion behemoth

August 10, 2023 | msn.com

All Eyes on Spider-Man 2 PS5 as Sony's Shares Fall

August 14, 2023 | Chaikin Analytics (Ad)

Holding NVDA? Read This Now

NVDA is likely not the best buy for A.I. investors. 50-year Wall Street veteran Marc Chaikin reveals what to buy instead. Learn more here.

August 10, 2023 | reuters.com

Sony-Zee merger gets key Indian approval

August 10, 2023 | bloomberg.com

Indian Tribunal Approves Zee-Sony Merger to Create Media Giant

August 10, 2023 | finance.yahoo.com

Sony Falls Most in a Year on Warning Over Smartphone Demand

August 10, 2023 | finance.yahoo.com

UPDATE 1-Sony shares slide after earnings highlight concern about games, sensors

August 9, 2023 | msn.com

Sony Financial Report Hints at First-Party Delays

August 9, 2023 | msn.com

Sony Reports Impressive Q1 Sales Surge Of 33%, Driven By Strong PS5 Performance

August 9, 2023 | marketwatch.com

Sony Group 1Q Net Profit Beat Y179.735B Expected in Poll of Analysts by Quick

August 9, 2023 | finance.yahoo.com

Sony Stock Tumbles After Earnings Disappoint

August 9, 2023 | finance.yahoo.com

Sony Expects Smartphone Rebound Only in 2024 After China Fizzles

August 9, 2023 | finance.yahoo.com

Sony Hikes Outlook as Games Help Offset Smartphone Weakness

August 9, 2023 | finance.yahoo.com

Sony: PlayStation console can defend group from dismal year

August 9, 2023 | seekingalpha.com

Sony Group Corporation 2023 Q1 - Results - Earnings Call Presentation

August 8, 2023 | onmsft.com

Sony begins beta testing PlayStation 5 cloud gaming with PS Plus Premium

August 7, 2023 | marketwatch.com

Sony Group Tipped to Post 18% Drop in First-Quarter Net Profit -- Earnings Preview

August 4, 2023 | msn.com

Sony's WH-XB910 ANC headphones fall to a new all-time low

August 4, 2023 | msn.com

Sony owns 42% of the image sensor market… while Canon only has 1%

August 3, 2023 | msn.com

Sony’s Jason Clodfelter Exits for Top Legendary TV Role

August 2, 2023 | msn.com

Sony TV Veteran Jason Clodfelter Named President Of Television At Legendary Entertainment

See More Headlines

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SONY Company Calendar

Today: 8/13/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 3/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Household audio & video equipment
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NYSE:SONY
CUSIP: N/A
CIK: 313838
Web: www.sony.com
Phone: (136) 748-2111
Fax: 813-6748-2061
Employees: 113,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $110.00
High Stock Price Forecast: $118.00
Low Stock Price Forecast: $102.00
Forecasted Upside/Downside: +28.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.47
Trailing P/E Ratio: 15.65
Forward P/E Ratio: 15.53
P/E Growth: 3.63
Net Income: $6.93 billion
Net Margins: 8.08%
Pretax Margin: 10.23%
Return on Equity: 13.44%
Return on Assets: 2.98%

Debt

Debt-to-Equity Ratio: 0.24
Current Ratio: 0.62
Quick Ratio: 0.46

Sales & Book Value

Annual Sales: $85.23 billion
Price / Sales: 1.24
Cash Flow: $12.00 per share
Price / Cash Flow: 7.13
Book Value: $43.71 per share
Price / Book: 1.96

Miscellaneous

Outstanding Shares: 1,233,980,000
Free Float: 1,147,603,000
Market Cap: $105.60 billion
Optionable: Optionable
Beta: 1.03

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Key Executives

Mr. Kenichiro Yoshida (Age 64)
CEO, Representative Corp. Exec. Officer & Chairman
Comp: $4.69M

Mr. Hiroki Totoki (Age 59)
Pres, COO, CFO, Representative Corp. Exec. Officer & Director
Comp: $1.61M

Dr. Hiroaki Kitano Ph.D. (Age 62)
Sr. EVP & CTO, Corp. Exec. Officer
Comp: $727.4k

Mr. Shiro Kambe (Age 62)
Sr. EVP & Corp. Exec. Officer
Comp: $741.81k

Mr. Kazushi Ambe (Age 62)
Sr. EVP & Corp. Exec. Officer
Comp: $734.6k

Mr. Toshimoto Mitomo (Age 60)
Exec. Deputy Pres, CSO & Corp. Exec. Officer
Comp: $727.4k

J. Justin Hill
Sr. VP of Fin. & Investor Relations and Head of Investor Relations

Ms. Natsuko Takei
Sr. Gen. Mang. of Legal & Compliance Department

Mr. Shoji Nemoto (Age 67)
Head of Disc Manufacturing Bus.

Yasuhiro Ueda
Head of Technology Policy & Relations

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SONY Stock - Frequently Asked Questions

Should I buy or sell Sony Group stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sony Group in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SONY shares.
View SONY analyst ratings or view top-rated stocks.
What is Sony Group's stock price forecast for 2023?: 2 analysts have issued twelve-month target prices for Sony Group's shares. Their SONY share price forecasts range from $102.00 to $118.00. On average, they anticipate the company's stock price to reach $110.00 in the next year. This suggests a possible upside of 28.5% from the stock's current price.
View analysts price targets for SONY or view top-rated stocks among Wall Street analysts.
How have SONY shares performed in 2023?: Sony Group's stock was trading at $76.28 at the start of the year. Since then, SONY shares have increased by 12.2% and is now trading at $85.58.
View the best growth stocks for 2023 here.
When is Sony Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our SONY earnings forecast.
What ETFs hold Sony Group's stock?: ETFs with the largest weight of Sony Group (NYSE:SONY) stock in their portfolio include MUSQ Global Music Industry ETF (MUSQ), ProShares Metaverse ETF (VERS), Amplify International Enhanced Dividend Income ETF (IDVO), Avantis International Large Cap Value ETF (AVIV), ActivePassive International Equity ETF (APIE), Wedbush ETFMG Video Game Tech ETF (GAMR), Pacer Trendpilot International ETF (PTIN) and Avantis Responsible International Equity ETF (AVSD).
Is Sony Group a good dividend stock?: Sony Group (NYSE:SONY) pays an annual dividend of $0.42 per share and currently has a dividend yield of 0.49%. The dividend payout ratio is 7.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SONY will have a dividend payout ratio of 6.60% next year. This indicates that the company will be able to sustain or increase its dividend.

What guidance has Sony Group issued on next quarter's earnings?: Sony Group issued an update on its FY 2023 earnings guidance on Thursday, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $90.37 billion-$90.37 billion.
What is Sony Group's stock symbol?: Sony Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "SONY."
Who are Sony Group's major shareholders?: Sony Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (0.45%), BlackRock Inc. (0.29%), Boston Partners (0.21%), AGF Management Ltd. (0.18%), Clearbridge Investments LLC (0.13%) and Gamco Investors INC. ET AL (0.12%).
How do I buy shares of Sony Group?: Shares of SONY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Sony Group's stock price today?: One share of SONY stock can currently be purchased for approximately $85.58.
How much money does Sony Group make?: Sony Group (NYSE:SONY) has a market capitalization of $105.60 billion and generates $85.23 billion in revenue each year. The company earns $6.93 billion in net income (profit) each year or $5.47 on an earnings per share basis.
How many employees does Sony Group have?: The company employs 113,000 workers across the globe.
How can I contact Sony Group?: Sony Group's mailing address is 1-7-1 KONAN MINATO-KU, TOKYO M0, 108-0075. The official website for the company is www.sony.com. The company can be reached via phone at (136) 748-2111, via email at ir@sony.com, or via fax at 813-6748-2061.

This page (NYSE:SONY) was last updated on 8/14/2023 by MarketBeat.com Staff

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Sony Group (SONY) Stock Forecast, Price & News

Sony Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Sony Group (NYSE:SONY) Stock

SONY Price History

SONY Stock News Headlines

SONY Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

SONY Stock - Frequently Asked Questions

Overall MarketRank^™