Warner Music Group (NASDAQ:WMG) PT Raised to $37.00 at Deutsche Bank Aktiengesellschaft

Warner Music Group (NASDAQ:WMGGet 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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE boosted its holdings in Warner Music Group by 1.2% in the third quarter. US Bancorp DE now owns 35,109 shares of the company’s stock valued at $815,000 after purchasing an additional 424 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of Warner Music Group by 5.7% in the first quarter. Advisor Group Holdings Inc. now owns 7,950 shares of the company’s stock valued at $647,000 after acquiring an additional 427 shares during the period. Stephens Inc. AR boosted its holdings in shares of Warner Music Group by 6.3% in the second quarter. Stephens Inc. AR now owns 7,330 shares of the company’s stock valued at $179,000 after acquiring an additional 437 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Warner Music Group by 5.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 9,490 shares of the company’s stock valued at $231,000 after acquiring an additional 466 shares during the period. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Warner Music Group by 0.3% in the third quarter. Neuberger Berman Group LLC now owns 178,664 shares of the company’s stock valued at $4,147,000 after acquiring an additional 579 shares during the period. 22.44% of the stock is currently owned by hedge funds and other institutional investors.

Warner Music Group Company Profile

(Get Rating)

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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