Wunderlich Increases Liberty Media Corp Price Target to $56.00 (LMCA)
Wunderlich lifted their target price on shares of Liberty Media Corp (NASDAQ:LMCA) from $55.00 to $56.00 in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Wunderlich’s price target suggests a potential upside of 19.91% from the company’s current price.
In other Liberty Media Corp news, major shareholder John C. Malone sold 199,414 shares of Liberty Media Corp stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $47.64, for a total value of $9,500,082.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Liberty Media Corp (NASDAQ:LMCA) traded down 0.88% during mid-day trading on Tuesday, hitting $46.29. 94,115 shares of the company’s stock traded hands. Liberty Media Corp has a one year low of $42.7784 and a one year high of $55.6126. The stock’s 50-day moving average is $47.70 and its 200-day moving average is $46.16. The company has a market cap of $15.876 billion and a price-to-earnings ratio of 22.32.
Liberty Media Corp (NASDAQ:LMCA) last announced its earnings results on Thursday, May 8th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.82 by $0.63. On average, analysts predict that Liberty Media Corp will post $1.43 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on LMCA. Analysts at National Alliance Securities raised their price target on shares of Liberty Media Corp from $64.69 to $74.08 in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Separately, analysts at TheStreet downgraded shares of Liberty Media Corp to a “sell” rating in a research note on Tuesday, July 29th. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Liberty Media Corp in a research note on Monday, July 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $134.76.
Liberty Media Corporation, formerly Liberty Spinco, Inc, incorporated on August 10, 2012, focuses on the media, communications and entertainment industries through its ownership of interests in subsidiaries and other companies.
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