Bank of America Corporation set a $7.00 target price on Sirius XM Holdings Inc. (NASDAQ:SIRI) in a report issued on Thursday morning. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also commented on SIRI. Vetr upgraded Sirius XM Holdings from a buy rating to a strong-buy rating and set a $6.31 price objective for the company in a research note on Monday, August 7th. KeyCorp reaffirmed a hold rating on shares of Sirius XM Holdings in a report on Friday, August 25th. BidaskClub raised shares of Sirius XM Holdings from a buy rating to a strong-buy rating in a report on Thursday, August 3rd. Citigroup Inc. upped their target price on shares of Sirius XM Holdings from $5.50 to $6.65 and gave the stock a buy rating in a report on Monday, August 7th. Finally, Zacks Investment Research downgraded shares of Sirius XM Holdings from a hold rating to a sell rating in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $5.96.

Sirius XM Holdings (NASDAQ SIRI) opened at 5.71 on Thursday. The stock has a 50 day moving average price of $5.58 and a 200-day moving average price of $5.34. The company has a market capitalization of $26.34 billion, a price-to-earnings ratio of 33.59 and a beta of 1.07. Sirius XM Holdings has a 12-month low of $4.07 and a 12-month high of $5.89.

Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. Sirius XM Holdings’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.04 EPS. Equities analysts predict that Sirius XM Holdings will post $0.18 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be given a dividend of $0.011 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.77%. This is a boost from Sirius XM Holdings’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, November 8th. Sirius XM Holdings’s dividend payout ratio is currently 25.00%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. raised its position in shares of Sirius XM Holdings by 476.2% during the 2nd quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock valued at $101,000 after buying an additional 15,200 shares in the last quarter. Pitcairn Co. raised its position in shares of Sirius XM Holdings by 1.3% during the 2nd quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock valued at $102,000 after buying an additional 237 shares in the last quarter. Colony Group LLC purchased a new stake in shares of Sirius XM Holdings during the 2nd quarter valued at about $102,000. Toronto Dominion Bank raised its position in shares of Sirius XM Holdings by 9.7% during the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock valued at $111,000 after buying an additional 1,799 shares in the last quarter. Finally, Advisor Partners LLC raised its position in shares of Sirius XM Holdings by 103.7% during the 2nd quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock valued at $128,000 after buying an additional 11,938 shares in the last quarter. Hedge funds and other institutional investors own 20.31% of the company’s stock.

Sirius XM Holdings Company Profile

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.

Analyst Recommendations for Sirius XM Holdings (NASDAQ:SIRI)

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