Sirius XM Radio Inc. (SIRI)

Sirius XM Radio Inc. (SIRI) - Eric Savitz at Tech Trader Daily

BGB Securities analyst Murray Arenson this morning launched coverage of Sirius XM (SIRI) with a Buy rating and $1.15 price target. In a research note, Arenson writes that Sirius "has emerged from near bankruptcy a year ago," and now is "a solid cash flow growth story." He says subscribers growth has turned positive, driven by a rebound in auto sales, while royalty pass throughs to subscribers are driving incremental revenue, and expenses are down as a result of the merger of Sirius and XM. He also says the addressable market is growing as a result of a growing number of used cards with satellite radios installed,. 

Sirius XM Radio Inc. (SIRI) - Volume Spike Investor

Two and three weeks ago, SIRIUS XM Radio Inc (NASDAQ: SIRI) was the talk of Wall Street. Since last year, the stock has risen fast than a rocket from under $0.10 to finally back over $1.00. An analyst ‘Buy' recommendation from Wunderlich in recent weeks with a $1.00 price target and then some added upgrades from ratings agencies helped propel the stock higher. 

Sirius XM Radio Inc. (SIRI) - Matthew Harrigan at Wunderlich Securities

VN:F [1.8.1_1037] By Brandon Matthews Wunderlich Securities Equity Analyst, Matthew Harrigan, issued an updated report this morning on Sirius XM Radio (Nasdaq: SIRI) on the heels of the auto results issued yesterday. As in his previous report, Harrigan remains extremely bullish on Sirius XM's long term business model. In the report, Harrigan maintains his Hold opinion and $1.00 near term price target on near term economic concerns, yet suggests longer term price targets of $1.85 and $3.50 respectively as auto sales increase. Harrigan writes: 

Sirius XM Radio Inc. (SIRI) - The Street.com

Sirius XM Radio ( SIRI Quote ) was nearly home free. The New York based satellite operator's stock had topped the dollar mark to maintain its Nasdaq listing and stayed there for eight of the required 10 days to regain compliance. Then, yesterday, Sirius dropped 13 cents to close at 89 cents. 

Sirius XM Radio Inc. (SIRI) - David Bank at RBC Capital Markets

This is lower than initial guidance of $643 million due to adjustments in SAC and ARPU projections, yet well ahead of company guidance of $550 million. RBC Capital's David Bank issued a price target of .75, suggesting that Sirius XM is fully valued based on a fully diluted basis and factoring in Liberty Capital's (NASDAQ: LCAPA) 40% equity stake. Bank noted that the bulk of Sirius XM's revenue improvements are mostly attributable to faster than expected royalty pass throughs 

Sirius XM Radio Inc. (SIRI) - Tuna Amobi at Standard & Poor''s Equity Group

VN:F [1.8.1_1037] By Brandon Matthews On the heels of Sirius XM Radio's (NASDAQ: SIRI) fourth quarter and full year 2009 operating results, several key analysts have revised their targets for the satellite radio provider last week. The common denominator of all remains a position that Sirius XM should benefit from a recovery in the auto sector, and improved liquidity. Standard & Poors' Tuna Amobi raised his price target to $1.50 from $1.00, citing improvements in key metrics and favorable 2010 guidance of 7% revenue growth, over 500,000 net subscriber additions, 20% adjusted EBITDA growth and positive free cash flow. Amobi maintained his hold rating on SIRI shares 

Sirius XM Radio Inc. (SIRI) - James Goss at Barrington Research Associates

VN:F [1.8.1_1037] By Brandon Matthews On the heels of Sirius XM Radio's (NASDAQ: SIRI) fourth quarter and full year 2009 operating results, several key analysts have revised their targets for the satellite radio provider last week. The common denominator of all remains a position that Sirius XM should benefit from a recovery in the auto sector, and improved liquidity. Standard & Poors' Tuna Amobi raised his price target to $1.50 from $1.00, citing improvements in key metrics and favorable 2010 guidance of 7% revenue growth, over 500,000 net subscriber additions, 20% adjusted EBITDA growth and positive free cash flow. Amobi maintained his hold rating on SIRI shares. Jim Goss of Barrington Research Associates, whom has been recognized as a four star analyst by StarMine for accuracy, maintained his outperform rating and revised his price target to $1.25  from $1.10. 

Sirius XM Radio Inc. (SIRI) - Matthew Harrigan at Wunderlich Securities

By Eric Savitz Wunderlich Securities analyst Matthew Harrigan this morning downgraded Sirius XM (SIRI) to Hold from Buy, citing concerns about the weakness in the U.S auto market. He keeps his $1 price target. Harrigan notes that SIRI's results are tightly correlated with annualized sales in the U.S new car market , and he says tomorrow's report on February sales could be as low as 9.6 million. The analyst says the company's forecast for 500,000 net new customer adds for 2010 appears achievable off an 11 million unit run rate , in other words, he thinks the company's forecast for subscriber adds might be too high. 

Sirius XM Radio Inc. (SIRI) - Tuna Amobi at Standard & Poor''s Equity Group

Standard & Poor's analyst Tuna Amobi raised his price target on Thursday to $1.50 from $1, citing the absence of a "near term financing overhang." Born of the 2008 merger that united rivals Sirius Satellite Radio and XM Satellite Radio, Sirius XM has been resurgent after receiving a life saving loan in February 2009 from Liberty Media ( LINTA.O ) 

Sirius XM Radio Inc. (SIRI) - David Bank at RBC Capital Markets

"They are very sensitive to the automotive industry, but certainly the confidence that they can add 500,000 customers is a good thing." Sirius shares, which have risen more than 20 fold from a year ago when it traded as low as 5 cents a share, were down 3 cents, or 2.73 percent, at $1.07 on Thursday afternoon. Analysts and investors are re evaluating shares of Sirius, whose market capitalization is now about $4.2 billion. "The liquidity crisis is over, the business is stabilizing, accelerating. you have a company that has a viable business," said RBC Capital Markets analyst David Bank. 

Sirius XM Radio Inc. (SIRI) - Matthew Harrigan at Wunderlich Securities

* Posts breakeven EPS vs Wall Street view loss $0.02/shr * Q4 rev $684 mln vs Wall St estimate $664 mln * Sees adding 500,000 subs in 2010, sees 2010 rev $2.7 bln * Shares down 2.73 pct after jumping 58 pct in 1 month (Adds analyst comment) By Franklin Paul . NEW YORK, Feb 25 (Reuters) , Sirius XM Radio Inc ( SIRI.O ) posted its first quarterly profit since its merger and said it expects to add 500,000 new subscribers in 2010 as the recovery in the car market boosts demand for satellite radio. The results on Thursday suggest that the company, run by media industry veteran Mel Karmazin, has solidified and is set to grow. Just a year ago, it flirted with bankruptcy as it faced a hefty debt load and weak auto sales. "This is very encouraging, especially the guidance," said Wunderlich Securities analyst Matthew Harrigan.