Sirius XM Holdings Inc. (NASDAQ:SIRI) Stock Rated “Hold” by Wall Street Analysts

by · The Markets Daily

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Free Report) have been assigned a consensus rating of “Hold” from the nineteen research firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $32.92.

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price target on Sirius XM from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 3rd. William Blair raised shares of Sirius XM to a “market perform” rating in a research report on Wednesday, September 2nd. Bank of America reaffirmed an “underperform” rating on shares of Sirius XM in a research report on Friday, July 31st. Wells Fargo & Company lifted their price objective on shares of Sirius XM from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, October 30th. Finally, Cantor Fitzgerald initiated coverage on shares of Sirius XM in a research report on Wednesday, September 2nd. They set an “overweight” rating on the stock.

Get Our Latest Report on Sirius XM

Sirius XM Price Performance

Shares of NASDAQ:SIRI opened at $32.40 on Wednesday. The company has a market capitalization of $10.90 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 0.53 and a beta of 0.98. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.32 and a quick ratio of 0.32. The business’s 50-day moving average is $27.86 and its 200-day moving average is $26.44. Sirius XM has a 1 year low of $19.76 and a 1 year high of $33.76.

Sirius XM (NASDAQ:SIRI – Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. Sirius XM had a return on equity of 9.42% and a net margin of 10.47%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. Equities research analysts predict that Sirius XM will post 3.00 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Friday, November 6th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, November 6th. Sirius XM’s dividend payout ratio (DPR) is presently 44.26%.

Institutional Investors Weigh In On Sirius XM

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Global Retirement Partners LLC bought a new stake in Sirius XM during the 2nd quarter valued at $32,000. Sunbelt Securities Inc. lifted its stake in shares of Sirius XM by 158.5% in the first quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock valued at $30,000 after buying an additional 794 shares in the last quarter. Root Financial Partners LLC lifted its stake in shares of Sirius XM by 612.8% in the first quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock valued at $32,000 after buying an additional 1,195 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Sirius XM in the first quarter valued at $33,000. Finally, Altshuler Shaham Ltd grew its holdings in shares of Sirius XM by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock valued at $36,000 after buying an additional 417 shares during the last quarter. 10.69% of the stock is owned by institutional investors.

About Sirius XM

(Get Free Report)

Sirius XM Holdings Inc provides audio entertainment through its SiriusXM and Pandora services. SiriusXM offers music, talk, news, sports, and other programming through satellite radio and streaming, including access through its mobile app and in-vehicle systems.

The company also operates Pandora, a streaming music and podcast service that offers both ad-supported and subscription listening. Its business includes advertising and connected-vehicle services, alongside subscriptions and audio programming.

SiriusXM serves listeners in the United States and Canada.

See Also