Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Free Report) have earned a consensus rating of “Reduce” from the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $26.81.
SIRI has been the subject of a number of research reports. Barrington Research set a $28.00 target price on shares of Sirius XM in a research note on Friday, January 31st. 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 note on Thursday, December 19th. Guggenheim cut their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Rosenblatt Securities lowered their price target on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, Morgan Stanley lowered their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd.
Check Out Our Latest Report on Sirius XM
Hedge Funds Weigh In On Sirius XM
Sirius XM Stock Up 3.8 %
SIRI opened at $22.67 on Friday. Sirius XM has a fifty-two week low of $20.47 and a fifty-two week high of $41.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The company has a fifty day moving average of $23.66 and a two-hundred day moving average of $24.97. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of -3.54, a PEG ratio of 0.79 and a beta of 1.06.
Sirius XM (NASDAQ:SIRI – Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates 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%. On average, research analysts expect that Sirius XM will post 3.2 earnings per share for the current year.
Sirius XM Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.27 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.08 annualized dividend and a yield of 4.76%. Sirius XM’s payout ratio is -16.85%.
About Sirius XM
Sirius 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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