Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives $26.81 Consensus Price Target from Analysts
Sirius XM Holdings Inc. (NASDAQ:SIRI) has received an average price target of $26.81 from analysts, with a consensus recommendation of "Hold". Fourteen brokerages cover the firm, with five recommending sell, four hold, four buy, and one strong buy. Recent analyst reports show mixed ratings and price targets, with some firms raising and others lowering their estimates. The company recently announced a quarterly dividend of $0.27, yielding 5.38%. Institutional investors have increased their stakes in Sirius XM, which operates as an audio entertainment company in North America.
Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) have earned an average rating of "Hold" from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $26.81.
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SIRI has been the topic of a number of recent analyst reports. Seaport Res Ptn raised Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Guggenheim dropped their price target on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Barrington Research set a $28.00 price objective on shares of Sirius XM in a research note on Friday, January 31st. Rosenblatt Securities lowered their target price on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Finally, Wells Fargo & Company cut their target price on shares of Sirius XM from $22.00 to $16.00 and set an "underweight" rating for the company in a research report on Thursday, December 19th.
Get Our Latest Analysis on SIRI
Sirius XM Stock Performance
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SIRI stock opened at $20.08 on Tuesday. The firm has a 50 day moving average of $23.60 and a two-hundred day moving average of $24.25. Sirius XM has a 12 month low of $18.69 and a 12 month high of $41.60. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of -3.13, a P/E/G ratio of 0.79 and a beta of 0.98. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93.
Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. As a group, equities analysts anticipate that Sirius XM will post 3.2 EPS for the current fiscal year.
Sirius XM Announces Dividend
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The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 5.38%. The ex-dividend date was Friday, February 7th. Sirius XM's payout ratio is presently -16.85%.
Institutional Trading of Sirius XM
Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue lifted its position in Sirius XM by 21.2% in the fourth quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock worth $5,340,000 after purchasing an additional 41,000 shares during the period. Check Capital Management Inc. CA raised its stake in shares of Sirius XM by 597.7% in the 4th quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock valued at $26,123,000 after buying an additional 981,517 shares in the last quarter. Legato Capital Management LLC lifted its holdings in shares of Sirius XM by 21.9% during the 4th quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock worth $1,949,000 after acquiring an additional 15,342 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock worth $2,062,000 after acquiring an additional 58,993 shares during the period. Finally, MBA Advisors LLC acquired a new stake in shares of Sirius XM during the 4th quarter valued at about $228,000. Institutional investors and hedge funds own 10.69% of the company's stock.
About Sirius XM
(Get Free ReportSirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.
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