Barclays is sticking to its buy note for Warner Music Group Corp. By Investing.com
Barclays (LON 🙂 analyst Kannan Venkateshwar maintained a buy rating on Warner Music Group Corp. Monday, setting a price target of $ 51, which is about 21.81% above the current price of $ 41.87.
Venkateshwar expects Warner Music Group Corp. posts earnings per share (EPS) of $ 0.05 for the fourth quarter of 2021.
The current consensus between 10 TipRanks Analysts are for a moderate buy rating of shares of Warner Music Group, with an average price target of $ 49.11.
Analysts’ price targets range from a high of $ 53 to a low of $ 42.
In its latest earnings report, released on 9/30/2021, the company reported quarterly revenue of $ 1.38 billion and net profit of $ 100 million. The company’s market capitalization is $ 21.54 billion.
According to TipRanks.com, Kannan Venkateshwar, Analyst at Barclays is currently rated with 4 stars on a 0 to 5 star rating scale, with an average performance of 7.1% and a success rate of 55.90%.
With sales of approximately $ 3.5 billion, Warner Music Group is one of the largest music companies in the world. Over 80% of Warner’s revenue comes from recorded music, while the rest comes from music publishing.
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