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Barrington Research Releases Bullish Coverage On Sirius XM

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In a report released Tuesday, Barrington Research analyst James Goss released coverage on Sirius XM (NASDAQ: SIRI) while reaffirming its Outperform rating.

Analysts at Barrington favor Sirius' ability to consistently increase revenue; the company increased revenue by 9.9 percent from Q2 2013. Sirius currently displays EBITDA margins of 35.8 percent compared to 28.1 percent year-over-year and free cash flow of $335 million.

Sirius reported a heavy increase in new subscribers, adding 1.5 million subscribers in 2014. The Barrington note focused on Sirius' vehicle segment, representing nearly 27 percent of total vehicles domestically, with a projection of nearly doubling to 120 million in the next five years. The current install rate is 70 percent on new vehicles.

Latest Ratings for SIRI

DateFirmActionFromTo
Aug 2016CitigroupMaintainsBuy
Jul 2016Telsey Advisory GroupInitiates Coverage onMarket Perform
Jan 2016MacquarieMaintainsOutperform

View More Analyst Ratings for SIRI
View the Latest Analyst Ratings

Posted-In: Barrington Research James GossAnalyst Color Reiteration Analyst Ratings

 

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