Sirius XM Holdings Inc (SIRI) Receives Average Rating of “Hold” from Brokerages

Sirius XM Holdings Inc (NASDAQ:SIRI) has earned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $6.83.

SIRI has been the subject of a number of recent analyst reports. MKM Partners upped their price objective on Sirius XM from $8.00 to $9.15 and gave the stock a “neutral” rating in a research note on Thursday, September 27th. Zacks Investment Research lowered Sirius XM from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. BidaskClub lowered Sirius XM from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 2nd. Barrington Research reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Sirius XM in a research note on Monday, September 24th. Finally, Macquarie reaffirmed a “buy” rating and issued a $7.75 price objective on shares of Sirius XM in a research note on Thursday, September 20th.

Shares of NASDAQ SIRI traded down $0.03 during mid-day trading on Friday, reaching $6.18. The company’s stock had a trading volume of 618,041 shares, compared to its average volume of 29,063,494. The firm has a market cap of $28.48 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04. Sirius XM has a 52 week low of $5.17 and a 52 week high of $7.70.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Wednesday, October 24th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. Sirius XM had a negative return on equity of 78.49% and a net margin of 15.64%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, sell-side analysts forecast that Sirius XM will post 0.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 9th will be given a $0.0121 dividend. This is an increase from Sirius XM’s previous quarterly dividend of $0.01. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 8th. Sirius XM’s payout ratio is currently 20.00%.

Several large investors have recently bought and sold shares of SIRI. Wells Fargo & Company MN lifted its position in shares of Sirius XM by 152.1% in the third quarter. Wells Fargo & Company MN now owns 7,486,133 shares of the company’s stock worth $47,312,000 after buying an additional 4,516,550 shares in the last quarter. BlackRock Inc. lifted its position in shares of Sirius XM by 5.7% in the second quarter. BlackRock Inc. now owns 78,163,054 shares of the company’s stock worth $529,167,000 after buying an additional 4,249,152 shares in the last quarter. FMR LLC lifted its position in shares of Sirius XM by 8.8% in the second quarter. FMR LLC now owns 52,096,871 shares of the company’s stock worth $352,695,000 after buying an additional 4,200,422 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Sirius XM by 382.7% in the second quarter. Teacher Retirement System of Texas now owns 4,895,313 shares of the company’s stock worth $33,141,000 after buying an additional 3,881,157 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Sirius XM by 817.2% in the second quarter. Renaissance Technologies LLC now owns 4,110,000 shares of the company’s stock worth $27,825,000 after buying an additional 3,661,900 shares in the last quarter. Institutional investors own 18.61% of the company’s stock.

Sirius XM Company Profile

Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.

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Analyst Recommendations for Sirius XM (NASDAQ:SIRI)

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