Sirius XM’s (SIRI) Outperform Rating Reiterated at Barrington Research

Sirius XM (NASDAQ:SIRIGet Free Report)‘s stock had its “outperform” rating reaffirmed by Barrington Research in a research note issued to investors on Thursday,Benzinga reports. They presently have a $28.00 target price on the stock. Barrington Research’s target price indicates a potential upside of 25.20% from the stock’s current price.

Several other brokerages have also weighed in on SIRI. JPMorgan Chase & Co. lifted their price target on Sirius XM from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Friday, October 31st. Benchmark restated a “buy” rating and issued a $30.00 price objective (up from $28.00) on shares of Sirius XM in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sirius XM in a research report on Monday, December 29th. Rosenblatt Securities reissued a “neutral” rating and issued a $23.00 price target on shares of Sirius XM in a research note on Monday, December 1st. Finally, Moffett Nathanson initiated coverage on shares of Sirius XM in a research report on Tuesday, January 27th. They set a “neutral” rating and a $21.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $23.88.

Get Our Latest Stock Analysis on Sirius XM

Sirius XM Stock Performance

Shares of NASDAQ SIRI traded up $1.64 during midday trading on Thursday, reaching $22.37. 21,161,849 shares of the stock were exchanged, compared to its average volume of 5,598,706. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.78. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 0.27 and a beta of 0.93. The firm has a 50-day simple moving average of $20.91 and a two-hundred day simple moving average of $21.86. Sirius XM has a twelve month low of $18.69 and a twelve month high of $27.41.

Sirius XM (NASDAQ:SIRIGet Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.53). The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.17 billion. Sirius XM had a net margin of 11.61% and a return on equity of 8.79%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. As a group, analysts anticipate that Sirius XM will post 3.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Sirius XM

Institutional investors and hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC acquired a new stake in Sirius XM in the 3rd quarter valued at about $33,000. Quaker Wealth Management LLC grew its position in shares of Sirius XM by 214.7% in the second quarter. Quaker Wealth Management LLC now owns 1,603 shares of the company’s stock valued at $37,000 after purchasing an additional 3,001 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of Sirius XM by 47.8% in the second quarter. True Wealth Design LLC now owns 1,616 shares of the company’s stock valued at $37,000 after purchasing an additional 523 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Sirius XM by 36.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after buying an additional 493 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in Sirius XM during the third quarter worth $42,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Sirius XM

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Sirius XM Company Profile

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Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.

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Analyst Recommendations for Sirius XM (NASDAQ:SIRI)

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