Sirius XM Holdings Inc. (SIRI) Stock Rating Reaffirmed by Bank of America Corporation

Sirius XM Holdings Inc. (NASDAQ:SIRI)‘s stock had its “buy” rating restated by equities researchers at Bank of America Corporation in a research report issued on Friday. They currently have a $5.50 target price on the stock. Bank of America Corporation’s target price points to a potential upside of 4.96% from the stock’s previous close.

Several other analysts also recently weighed in on SIRI. Evercore ISI downgraded Sirius XM Holdings to a “buy” rating in a research note on Friday, March 3rd. Wunderlich downgraded Sirius XM Holdings from a “buy” rating to a “hold” rating and boosted their price target for the company from $5.00 to $5.50 in a research note on Thursday, March 16th. Vetr upgraded Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $5.51 price target on the stock in a research note on Tuesday, March 21st. Barclays PLC downgraded Sirius XM Holdings from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $5.16 to $4.90 in a research note on Wednesday, March 22nd. Finally, Macquarie reiterated an “outperform” rating and set a $5.85 price target on shares of Sirius XM Holdings in a research note on Thursday, April 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Sirius XM Holdings currently has a consensus rating of “Hold” and a consensus target price of $5.22.

Analyst Recommendations for Sirius XM Holdings (NASDAQ:SIRI)

Sirius XM Holdings (SIRI) opened at 5.24 on Friday. Sirius XM Holdings has a 12-month low of $3.74 and a 12-month high of $5.53. The firm has a 50-day moving average price of $5.07 and a 200-day moving average price of $4.92. The company has a market cap of $24.44 billion, a P/E ratio of 32.75 and a beta of 1.07.

Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, April 27th. The company reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. Sirius XM Holdings had a negative return on equity of 104.00% and a net margin of 15.24%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 EPS. On average, equities research analysts forecast that Sirius XM Holdings will post $0.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Wednesday, May 10th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, May 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.76%. Sirius XM Holdings’s payout ratio is 26.67%.

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Several hedge funds have recently modified their holdings of the company. PHH Investments Ltd. increased its stake in shares of Sirius XM Holdings by 33.1% in the first quarter. PHH Investments Ltd. now owns 101,360 shares of the company’s stock worth $522,000 after buying an additional 25,210 shares during the last quarter. Achmea Investment Management B.V. bought a new stake in shares of Sirius XM Holdings during the first quarter worth approximately $304,000. HighTower Advisors LLC increased its stake in shares of Sirius XM Holdings by 4.6% in the first quarter. HighTower Advisors LLC now owns 149,452 shares of the company’s stock worth $774,000 after buying an additional 6,553 shares during the last quarter. Credit Suisse AG increased its stake in shares of Sirius XM Holdings by 20.5% in the first quarter. Credit Suisse AG now owns 3,613,841 shares of the company’s stock worth $18,610,000 after buying an additional 615,179 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Sirius XM Holdings by 18.7% in the first quarter. AQR Capital Management LLC now owns 470,291 shares of the company’s stock worth $2,422,000 after buying an additional 74,002 shares during the last quarter. Hedge funds and other institutional investors own 22.20% of the company’s stock.

Sirius XM Holdings Company Profile

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SIRI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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