Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives $26.96 Consensus PT from Analysts

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have earned a consensus recommendation of “Reduce” from the fourteen analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $26.96.

SIRI has been the topic of several research analyst reports. Wells Fargo & Company dropped their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. StockNews.com initiated coverage on Sirius XM in a research note on Wednesday, November 13th. They set a “sell” rating on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of Sirius XM in a research report on Thursday, January 30th. Seaport Res Ptn cut shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Rosenblatt Securities decreased their price target on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd.

Institutional Investors Weigh In On Sirius XM

Several hedge funds have recently bought and sold shares of the stock. Union Bancaire Privee UBP SA purchased a new position in shares of Sirius XM during the 4th quarter valued at approximately $26,000. Coston McIsaac & Partners grew its position in Sirius XM by 113.5% during the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock valued at $27,000 after buying an additional 624 shares during the period. Putney Financial Group LLC purchased a new position in Sirius XM in the fourth quarter valued at $27,000. TCTC Holdings LLC acquired a new position in shares of Sirius XM in the third quarter worth about $29,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Sirius XM during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Down 1.7 %

Shares of NASDAQ:SIRI opened at $24.75 on Monday. The firm has a market capitalization of $8.38 billion, a PE ratio of -3.86, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The business has a 50 day simple moving average of $23.34 and a two-hundred day simple moving average of $25.82. Sirius XM has a 1 year low of $20.47 and a 1 year high of $48.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating 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%. On average, equities analysts predict that Sirius XM will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s dividend payout ratio is currently -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.