Pivotal Research analyst Jeffrey Wlodarczak reiterated a Hold rating on Sirius XM Holdings Inc (SIRI) today and set a price target of $7. The company’s shares closed yesterday at $5.92.
Wlodarczak noted:
“We remind investors that our relatively cautious stance on SIRI is driven by the Pandora equity deal which changed investor focus on SIRI from a dramatic equity shrink in a relatively short period of time to deals and buybacks over a more extended period, which in our view, brings into play the still arguably rich, but fair (at 14X ’19 EBITDA and 18X ’19 FCF after tax) valuation. We continue to prefer SIRI’s primary shareholder LSXMA (BUY) which trades at an unwarranted 29% discount to NAV.”
According to TipRanks.com, Wlodarczak is a 4-star analyst with an average return of 4.6% and a 50.3% success rate. Wlodarczak covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Liberty LiLAC Group, and Formula One Group.
Sirius XM Holdings Inc has an analyst consensus of Strong Buy, with a price target consensus of $7.75.
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Sirius XM Holdings Inc’s market cap is currently $26.34B and has a P/E ratio of 32.89. The company has a Price to Book ratio of -19.15.
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Sirius XM Holdings, Inc. is a radio company. The company offers music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services. Its brand channels include SiriusXM Traffic, SiriusXM Travel Link, NavTraffic, NavWeather, SiriusXM Aviation, Sirius Marine Weather, XMWX Aviation, XMWX Marine, and SiriusXM Marine.
