Pivotal Research analyst Jeffrey Wlodarczak reiterated a Buy rating on Liberty Media Corporation Series A Liberty SiriusXM Common Stock (LSXMA) today and set a price target of $60. The company’s shares opened today at $40.70.
Wlodarczak observed:
“We updated our LSXMA sum-of-the-parts valuation methodology for the 10/24 reduction in our YE’19 SIRI $0.25 target price reduction to $7.00 and LSXMA’s recently released 3Q results. This led to a $2 reduction in our YE’19 LSXMA target price to $60. Please refer to our most recent SIRI note for the detailed logic around the SIRI (HOLD) target price reduction. In the midst of recent of market turmoil, LSXMA’s discount to NAV has widened somewhat to 31% (or nearly $6B) vs. +28% at our most recent note post Pandora buy.”
According to TipRanks.com, Wlodarczak is a 4-star analyst with an average return of 6.3% and a 54.7% success rate. Wlodarczak covers the Services sector, focusing on stocks such as Charter Communications, Sirius XM Holdings Inc, and Liberty LiLAC Group.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Liberty Media Corporation Series A Liberty SiriusXM Common Stock with a $64.33 average price target.
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Liberty Media Corporation Series A Liberty SiriusXM Common Stock’s market cap is currently $13.47B and has a P/E ratio of 12.27. The company has a Price to Book ratio of 1.24.
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Operates as a holding company which provides satellite radio services
