Pivotal Research Keeps a Buy Rating on Sirius XM Radio

By Austin Angelo

Pivotal Research analyst Jeffrey Wlodarczak reiterated a Buy rating on Sirius XM Radio (NASDAQ: SIRI) on July 27 and set a price target of $6.25. The company’s shares closed on Friday at $5.81, close to its 52-week high of $5.89.

According to TipRanks.com, Wlodarczak is a 5-star analyst with an average return of 11.6% and a 74.2% success rate. Wlodarczak covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Liberty Global PLC LiLAC Class A, and Charter Communications.

Currently, the analyst consensus on Sirius XM Radio is Strong Buy and the average price target is $6.25, representing a 7.6% upside.

In a report issued on July 27, Macquarie also reiterated a Buy rating on the stock with a $6 price target.

The company has a one year high of $5.89 and a one year low of $4.05. Currently, Sirius XM Radio has an average volume of 24.45M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sirius XM Holdings, Inc. is a radio company. The company offers commercial free music; premier sports and live events; news and comedy; exclusive talk and entertainment and a variety of latin music, sports, and talk programming. Its brand channels include SiriusXM Traffic, SiriusXM Travel Link, NavTraffic, NavWeather, SiriusXM Aviation and SiriusXM Marine.