Pivotal Research analyst Jeffrey Wlodarczak reiterated a Buy rating on Liberty LiLAC Group (NASDAQ: LILAK) today and set a price target of $27. The company’s shares closed on Friday at $20.27.
Wlodarczak wrote:
“We continue to expect high single digit rebased CAGR EBITDA growth in ’19 and ’20. We view the ’19 EBITDA multiple of 6.9X as attractive relative to our high single digit EBITDA growth expectations. Recall, ultimately, we view LILAK as similar to LBTYA 12 years ago, a cheap stock, relatively under-penetrated systems (in data in particular), underfollowed by analysts, with a decent runway of possible accretive acquisitions and with the juice of substantial cost savings opportunity and in the CWC territories bringing professional management to the properties for the first time. Like LBTYA 12 years ago, we expect LILAK over time to aggressively utilize its free cash flow and leveragability for not only M&A but also to aggressively retire stock possibly beginning in 2019. We see one more quarter of PR overhang before it becomes a sizeable tailwind to results.”
According to TipRanks.com, Wlodarczak is a 4-star analyst with an average return of 9.1% and a 64.2% success rate. Wlodarczak covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Charter Communications, and Sirius XM Holdings Inc.
Currently, the analyst consensus on Liberty LiLAC Group is a Moderate Buy with an average price target of $27.
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Based on Liberty LiLAC Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $42.2 million. In comparison, last year the company had a GAAP net loss of $28.2 million.
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Liberty Latin America Ltd. is a holding company, which engages in the provision of telecommunication services. It operates through the following segments: Cable and Wireless Communications Limited (C&W), VTR, Liberty Puerto Rico, and Corporate and Other.
