Warner Music Group (NASDAQ:WMG – Get Rating) had its price objective increased by investment analysts at Deutsche Bank Aktiengesellschaft from $30.00 to $37.00 in a research note issued to investors on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 14.94% from the company’s previous close.
Several other equities research analysts have also recently issued reports on the stock. Guggenheim lowered their target price on shares of Warner Music Group to $30.00 in a research note on Thursday, October 20th. The Goldman Sachs Group initiated coverage on shares of Warner Music Group in a research note on Monday, October 10th. They set a “buy” rating and a $32.00 target price on the stock. Morgan Stanley lowered their target price on shares of Warner Music Group from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 11th. Barclays lifted their target price on shares of Warner Music Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Warner Music Group from $34.00 to $39.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Warner Music Group has an average rating of “Moderate Buy” and an average price target of $36.42.
Warner Music Group Price Performance
Shares of NASDAQ WMG opened at $32.19 on Wednesday. The firm has a market cap of $16.57 billion, a PE ratio of 30.37, a PEG ratio of 1.41 and a beta of 1.55. The firm has a fifty day moving average of $25.69 and a 200 day moving average of $27.06. The company has a debt-to-equity ratio of 22.01, a quick ratio of 0.58 and a current ratio of 0.61. Warner Music Group has a one year low of $21.57 and a one year high of $44.64.
Institutional Trading of Warner Music Group
Warner Music Group Company Profile
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. The company operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville.
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