Barrington Sticks to Its Buy Rating for Sirius XM Holdings Inc (SIRI)


In a report released today, James Goss from Barrington maintained a Buy rating on Sirius XM Holdings Inc (SIRI), with a price target of $8. The company’s shares opened today at $6.16.

Goss commented:

“We reaffirm our OUTPERFORM investment rating and $8 price target: Sirius XM continues to offer an excellent business model with solid organic revenue trajectory and cash generation, with more opportunities to reach consumers through the Pandora acquisition. Strong cash flow supports additional share repurchases, on which management is being aggressive, and the $0.0484 annual dividend. Company Description Sirius XM Holdings, Inc. is a radio company.”

According to TipRanks.com, Goss is a 5-star analyst with an average return of 10.9% and a 61.2% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and iPic Entertainment Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sirius XM Holdings Inc with a $7 average price target, a 13.6% upside from current levels. In a report released today, Pivotal Research also reiterated a Buy rating on the stock with a $7 price target.

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Sirius XM Holdings Inc’s market cap is currently $28.38B and has a P/E ratio of 27.89. The company has a Price to Book ratio of 185.82.

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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 and SiriusXM Marine.

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