Liberty Sirius XM Group Series A (LSXMA) Price Target Raised to $65.00 at Deutsche Bank

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) had its target price raised by stock analysts at Deutsche Bank from $60.00 to $65.00 in a report issued on Tuesday. The firm presently has a “buy” rating on the technology company’s stock. Deutsche Bank’s price objective suggests a potential upside of 39.54% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. Pivotal Research downgraded shares of Liberty Sirius XM Group Series A from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. Buckingham Research lifted their price objective on shares of Liberty Sirius XM Group Series A to $59.00 and gave the company a “buy” rating in a report on Monday, May 7th. Zacks Investment Research upgraded shares of Liberty Sirius XM Group Series A from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Friday, June 1st. Barclays set a $50.00 price objective on shares of Liberty Sirius XM Group Series A and gave the company a “buy” rating in a report on Monday, April 30th. Finally, ValuEngine downgraded shares of Liberty Sirius XM Group Series A from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.56.

Shares of LSXMA opened at $46.58 on Tuesday. Liberty Sirius XM Group Series A has a twelve month low of $38.61 and a twelve month high of $48.57. The company has a market capitalization of $15.57 billion, a price-to-earnings ratio of 14.07 and a beta of 1.99.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last posted its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.01). The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.42 billion. equities research analysts expect that Liberty Sirius XM Group Series A will post 2.12 EPS for the current year.

In other Liberty Sirius XM Group Series A news, Director David E. Rapley sold 6,827 shares of the company’s stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $46.28, for a total value of $315,953.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark D. Carleton sold 27,783 shares of the company’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $45.94, for a total transaction of $1,276,351.02. The disclosure for this sale can be found here.

Several large investors have recently added to or reduced their stakes in LSXMA. VNBTrust National Association boosted its position in shares of Liberty Sirius XM Group Series A by 11.0% in the second quarter. VNBTrust National Association now owns 11,345 shares of the technology company’s stock valued at $511,000 after acquiring an additional 1,120 shares during the period. Stevens Capital Management LP boosted its position in shares of Liberty Sirius XM Group Series A by 9.1% in the second quarter. Stevens Capital Management LP now owns 18,855 shares of the technology company’s stock valued at $849,000 after acquiring an additional 1,575 shares during the period. Natixis Advisors L.P. boosted its position in shares of Liberty Sirius XM Group Series A by 4.2% in the first quarter. Natixis Advisors L.P. now owns 42,907 shares of the technology company’s stock valued at $1,763,000 after acquiring an additional 1,740 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Liberty Sirius XM Group Series A by 5.3% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 37,408 shares of the technology company’s stock valued at $1,685,000 after acquiring an additional 1,884 shares during the period. Finally, Wayne Hummer Investments L.L.C. boosted its position in shares of Liberty Sirius XM Group Series A by 19.5% in the first quarter. Wayne Hummer Investments L.L.C. now owns 12,393 shares of the technology company’s stock valued at $509,000 after acquiring an additional 2,025 shares during the period. Hedge funds and other institutional investors own 25.79% of the company’s stock.

About Liberty Sirius XM Group Series A

The Liberty SiriusXM Group, through its subsidiary Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment.

Further Reading: Leveraged Buyout (LBO) Explained

Analyst Recommendations for Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

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