Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives $27.55 Average Target Price from Analysts

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been given an average recommendation of “Hold” by the eleven brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $27.5455.

A number of equities analysts have recently commented on SIRI shares. Rosenblatt Securities upgraded shares of Sirius XM from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $24.00 to $46.00 in a research note on Thursday, April 23rd. JPMorgan Chase & Co. increased their price objective on shares of Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Citigroup restated a “sell” rating and set a $22.00 price objective (up from $19.00) on shares of Sirius XM in a research note on Monday, May 4th. UBS Group set a $24.00 price objective on shares of Sirius XM in a research note on Tuesday, February 10th. Finally, Evercore set a $28.00 price objective on shares of Sirius XM in a research note on Friday, May 1st.

Institutional Investors Weigh In On Sirius XM

Several hedge funds have recently bought and sold shares of SIRI. Berkshire Hathaway Inc lifted its stake in Sirius XM by 4.2% in the 3rd quarter. Berkshire Hathaway Inc now owns 124,807,117 shares of the company’s stock valued at $2,904,886,000 after purchasing an additional 5,030,425 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Sirius XM by 262.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock valued at $145,426,000 after purchasing an additional 4,560,821 shares during the last quarter. AQR Capital Management LLC lifted its stake in Sirius XM by 165.2% in the 2nd quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock valued at $117,327,000 after purchasing an additional 3,233,922 shares during the last quarter. Norges Bank acquired a new stake in Sirius XM in the 4th quarter valued at about $57,124,000. Finally, Hsbc Holdings PLC lifted its stake in Sirius XM by 858.4% in the 4th quarter. Hsbc Holdings PLC now owns 2,076,539 shares of the company’s stock valued at $41,726,000 after purchasing an additional 1,859,872 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Price Performance

SIRI stock opened at $25.83 on Wednesday. The stock has a 50-day moving average price of $24.36 and a two-hundred day moving average price of $22.28. The stock has a market cap of $8.69 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 0.57 and a beta of 0.94. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83. Sirius XM has a 1 year low of $19.76 and a 1 year high of $28.77.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Sirius XM had a return on equity of 9.19% and a net margin of 9.86%.The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. Equities analysts forecast that Sirius XM will post 3.1 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, May 11th. Sirius XM’s dividend payout ratio is currently 45.57%.

Sirius XM Company Profile

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.