Bank of America Corporation Reiterates “$7.00” Price Target for Sirius XM Holdings Inc. (SIRI)
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.
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.
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