Liberty Sirius XM Group (LSXMA) Now Covered by Analysts at Buckingham Research

Buckingham Research initiated coverage on shares of Liberty Sirius XM Group (NASDAQ:LSXMA) in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm set a “buy” rating and a $54.00 price target on the technology company’s stock. Buckingham Research’s price target suggests a potential upside of 29.47% from the company’s current price.

Several other analysts have also weighed in on the company. Zacks Investment Research lowered Liberty Sirius XM Group from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Bank of America increased their price target on Liberty Sirius XM Group from $46.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, October 12th. Pivotal Research increased their price target on Liberty Sirius XM Group from $54.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Deutsche Bank upgraded Liberty Sirius XM Group from a “hold” rating to a “buy” rating and increased their price target for the company from $46.00 to $54.00 in a report on Friday. Finally, B. Riley restated a “buy” rating on shares of Liberty Sirius XM Group in a report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Liberty Sirius XM Group presently has an average rating of “Buy” and a consensus price target of $53.33.

Liberty Sirius XM Group (LSXMA) traded up $0.88 during midday trading on Friday, hitting $41.71. The stock had a trading volume of 1,235,337 shares, compared to its average volume of 366,121. The company has a market cap of $13,719.29, a P/E ratio of 25.75, a P/E/G ratio of 0.78 and a beta of 2.19. Liberty Sirius XM Group has a 52-week low of $35.02 and a 52-week high of $46.43.

Liberty Sirius XM Group (NASDAQ:LSXMA) last released its quarterly earnings results on Thursday, November 9th. The technology company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.14. sell-side analysts predict that Liberty Sirius XM Group will post 1.72 earnings per share for the current fiscal year.

In other Liberty Sirius XM Group news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $39.61, for a total value of $152,142.01. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Several institutional investors and hedge funds have recently bought and sold shares of LSXMA. Toronto Dominion Bank grew its position in shares of Liberty Sirius XM Group by 243.9% during the 3rd quarter. Toronto Dominion Bank now owns 3,896 shares of the technology company’s stock worth $163,000 after buying an additional 2,763 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Liberty Sirius XM Group during the 2nd quarter worth $195,000. State of Alaska Department of Revenue bought a new position in shares of Liberty Sirius XM Group during the 4th quarter worth $208,000. M&T Bank Corp bought a new position in shares of Liberty Sirius XM Group during the 2nd quarter worth $246,000. Finally, Achmea Investment Management B.V. bought a new position in shares of Liberty Sirius XM Group during the 3rd quarter worth $252,000. 25.06% of the stock is currently owned by institutional investors and hedge funds.

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Liberty Sirius XM Group Company Profile

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

Analyst Recommendations for Liberty Sirius XM Group (NASDAQ:LSXMA)



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