The Liberty SiriusXM Group (NASDAQ:LSXMK) Price Target Increased to $57.00 by Analysts at Morgan Stanley

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) had its target price raised by equities research analysts at Morgan Stanley from $56.00 to $57.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price target suggests a potential upside of 27.09% from the stock’s current price.

Several other research firms have also issued reports on LSXMK. Zacks Investment Research lowered shares of The Liberty SiriusXM Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 5th. Rosenblatt Securities assumed coverage on shares of The Liberty SiriusXM Group in a research report on Tuesday. They set a “buy” rating and a $87.00 price target for the company. Finally, StockNews.com assumed coverage on shares of The Liberty SiriusXM Group in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $68.75.

Shares of NASDAQ:LSXMK traded down $0.46 on Wednesday, reaching $44.85. 4,277 shares of the company traded hands, compared to its average volume of 908,140. The business’s 50-day simple moving average is $46.98 and its 200 day simple moving average is $48.66. The Liberty SiriusXM Group has a 52 week low of $40.05 and a 52 week high of $56.19. The stock has a market capitalization of $10.10 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 0.53 and a beta of 1.15.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) last issued its quarterly earnings data on Friday, February 25th. The technology company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.70). The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.27 billion. On average, analysts expect that The Liberty SiriusXM Group will post 2.87 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Teacher Retirement System of Texas lifted its holdings in shares of The Liberty SiriusXM Group by 55.1% in the 3rd quarter. Teacher Retirement System of Texas now owns 120,813 shares of the technology company’s stock valued at $5,735,000 after purchasing an additional 42,919 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of The Liberty SiriusXM Group by 7.0% in the 3rd quarter. Victory Capital Management Inc. now owns 924,795 shares of the technology company’s stock worth $43,900,000 after acquiring an additional 60,484 shares during the period. Aries Wealth Management acquired a new stake in shares of The Liberty SiriusXM Group in the 4th quarter worth approximately $214,000. Cubist Systematic Strategies LLC lifted its stake in The Liberty SiriusXM Group by 639.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 19,598 shares of the technology company’s stock valued at $930,000 after buying an additional 16,948 shares in the last quarter. Finally, Manchester Capital Management LLC purchased a new stake in The Liberty SiriusXM Group in the 3rd quarter valued at approximately $90,000. Institutional investors own 82.79% of the company’s stock.

The Liberty SiriusXM Group Company Profile (Get Rating)

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States and Canada. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through applications for mobile and home devices, and other consumer electronic equipment.

Further Reading

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