Warner Music Group Corp. which can be found using ticker (WMG) have now 17 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The target price High/Low ranges between 52 and 28 calculating the average target price we see $34.00. Given that the stocks previous close was at $26.25 this now indicates there is a potential upside of 29.5%. Also worth taking note is the 50 day moving average now sits at $29.84 and the 200 day moving average is $30.24. The company has a market cap of 13.42B. The stock price is currently at: 26 USD
The potential market cap would be $17,376,072,733 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 31.33, revenue per share of 11.29 and a 5.53% return on assets.
Warner Music Group Corp. is a holding company that is primarily engaged in music entertainment. The Company’s segments include Recorded Music and Music Publishing. The Recorded Music segment consists of the discovery and development of recording artists and the related marketing, promotion, distribution, sale, and licensing of music created by such recording artists. In the United States, its Recorded Music business is conducted principally through its record labels, such as Atlantic Records and Warner Records. It also conducts its Recorded Music business through a collection of additional record labels, including Asylum, Big Beat, Canvasback, East West, Erato, Reprise, Sire, Warner Classics and Warner Music Nashville. The Music Publishing segment is focused on marketing, promoting, distributing, and licensing a particular recording of a musical composition. The operations of its Music Publishing business are conducted through Warner Chappell Music, its global music publishing company.
