Pivotal Research Reiterates Their Buy Rating on Liberty Media Corporation Series A Liberty SiriusXM Common Stock (LSXMA)


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 $40.31.

Wlodarczak observed:

“We updated our LSXMA (whose primary asset is a 67% stake in HOLD rated SIRI) sum-of-the-parts valuation methodology for the recent Liberty Media 10-K filing, which led to no change in our YE’19 $60 target price. Please refer to our most recent SIRI note for the detailed logic around our SIRI (HOLD) investment thesis/risks. Since our last LSXMK note, the discount to NAV has narrowed somewhat to 29% (from 31%) to $5.4B.”

According to TipRanks.com, Wlodarczak is a 4-star analyst with an average return of 8.2% and a 60.3% success rate. Wlodarczak covers the Services sector, focusing on stocks such as Charter Communications, Sirius XM Holdings Inc, and Liberty LiLAC Group.

The the analyst consensus on Liberty Media Corporation Series A Liberty SiriusXM Common Stock is currently a Moderate Buy rating.

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The company has a one-year high of $48.57 and a one-year low of $34.92. Currently, Liberty Media Corporation Series A Liberty SiriusXM Common Stock has an average volume of 672K.

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LSXMA in relation to earlier this year.

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Operates as a holding company which provides satellite radio services

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