Market Overview

Barrington Research Releases Bullish Coverage On Sirius XM

Share:
Related SIRI
SiriusXM Agrees To Back Its Canadian Unit's Preference To Go Private
Earnings Scheduled For April 28, 2016
Liberty Sirius Group - An Undervalued Media Play With A Margin Of Safety And A Catalyst (Seeking Alpha)

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
Jan 2016MacquarieMaintainsOutperform
Dec 2015JP MorganInitiates Coverage onNeutral
Oct 2015Deutsche BankMaintainsHold

View More Analyst Ratings for SIRI
View the Latest Analyst Ratings

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

 

Related Articles (SIRI)

View Comments and Join the Discussion!