Pivotal Research analyst Jeffrey Wlodarczak reiterated a Buy rating on Liberty Media Corporation Series A Liberty SiriusXM Common Stock (NASDAQ: LSXMA) today and set a price target of $66. The company’s shares closed yesterday at $46.85.
Wlodarczak said:
“We updated our LSXMA model post 3Q results that led to no change in our $66 target. Recall LSXMA’s, sole effective asset is a control 70.5% stake in HOLD rated SIRI. LSXMA’s discount to NAV has narrowed slightly since our last note, but remains historically wide at -28% or approx. $5.9B, despite the fact that Liberty management has shown an historic ability to drive these discounts to zero.”
According to TipRanks.com, Wlodarczak is a 4-star analyst with an average return of 8.4% and a 58.2% 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 $58.25 average price target.
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Based on Liberty Media Corporation Series A Liberty SiriusXM Common Stock’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.4 billion and net profit of $694 million. In comparison, last year the company earned revenue of $1.35 billion and had a net profit of $123 million.
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Operates as a holding company which provides satellite radio services
