Barclays Boosts Liberty Sirius XM Group (LSXMA) Price Target to $48.00

Liberty Sirius XM Group (NASDAQ:LSXMA) had its price objective boosted by research analysts at Barclays from $42.00 to $48.00 in a research report issued on Thursday. The brokerage presently has an “overweight” rating on the technology company’s stock. Barclays’ price objective indicates a potential upside of 7.50% from the stock’s previous close.

Several other analysts have also issued reports on LSXMA. Bank of America upped their target price on Liberty Sirius XM Group from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, October 12th. Pivotal Research upped their target price on Liberty Sirius XM Group from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. B. Riley reiterated a “buy” rating on shares of Liberty Sirius XM Group in a report on Wednesday, November 1st. Zacks Investment Research lowered Liberty Sirius XM Group from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Finally, Deutsche Bank upgraded Liberty Sirius XM Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $46.00 to $54.00 in a report on Friday, January 19th. Nine investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of $53.44.

Shares of Liberty Sirius XM Group (NASDAQ LSXMA) traded down $0.36 during trading on Thursday, hitting $44.65. The stock had a trading volume of 437,213 shares, compared to its average volume of 560,805. The company has a market capitalization of $14,737.40, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 0.84 and a beta of 2.19. Liberty Sirius XM Group has a 12 month low of $35.23 and a 12 month high of $46.43.

Liberty Sirius XM Group (NASDAQ:LSXMA) last released its earnings results on Thursday, November 9th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.14. equities analysts forecast that Liberty Sirius XM Group will post 1.68 earnings per share for the current year.

In other Liberty Sirius XM Group news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the company’s stock in a transaction that occurred 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 accessible through this link.

Several institutional investors have recently bought and sold shares of LSXMA. Toronto Dominion Bank grew its position in shares of Liberty Sirius XM Group by 243.9% in the third quarter. Toronto Dominion Bank now owns 3,896 shares of the technology company’s stock valued at $163,000 after purchasing an additional 2,763 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Liberty Sirius XM Group in the second quarter valued at approximately $195,000. State of Alaska Department of Revenue acquired a new position in shares of Liberty Sirius XM Group in the fourth quarter valued at approximately $208,000. M&T Bank Corp acquired a new position in shares of Liberty Sirius XM Group in the second quarter valued at approximately $246,000. Finally, Achmea Investment Management B.V. acquired a new position in shares of Liberty Sirius XM Group in the third quarter valued at approximately $252,000. 25.16% of the stock is currently owned by institutional investors.

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About Liberty Sirius XM Group

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)