Why Sirius XM (SIRI) is a Top Value Stock for the Long-Term
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.
Sirius XM (SIRI)
Headquartered in New York, Sirius XM Holdings Inc. was founded in 1990. The radio broadcasting company creates and broadcasts a variety of content such as commercial-free music, premier sports and live events, news and comedy and exclusive talk and entertainment shows. Sirius XM provides radio services to users in the United States and Canada.
SIRI sits at a Zacks Rank #2 (Buy), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Broadcast Radio and Television industry's P/E of 8.6X, shares of Sirius XM are trading at a forward P/E of 7.5X. SIRI also has a PEG Ratio of 0.8, a Price/Cash Flow ratio of 5X, and a Price/Sales ratio of 1.1X.
Many value investors pay close attention to a company's earnings as well. For SIRI, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.15 to $3.25 per share for 2024. Per share SIRI boasts an average earnings surprise of 14.4%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding SIRI to their portfolios.
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Sirius XM Holdings Inc. (SIRI) : Free Stock Analysis Report