Sirius XM Holdings Inc. (NASDAQ:SIRI) has earned an average recommendation of “Buy” from the twenty brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $6.16.
A number of research firms have issued reports on SIRI. Zacks Investment Research raised shares of Sirius XM from a “hold” rating to a “buy” rating and set a $7.25 price target for the company in a research report on Friday, March 16th. Citigroup lowered shares of Sirius XM from a “buy” rating to a “neutral” rating and set a $6.65 price target for the company. in a research report on Thursday. Goldman Sachs raised their price target on shares of Sirius XM from $5.00 to $5.50 and gave the stock a “buy” rating in a research report on Monday, February 5th. Morgan Stanley raised their price target on shares of Sirius XM from $5.35 to $5.50 and gave the stock an “underweight” rating in a research report on Monday, February 5th. Finally, Buckingham Research raised their price target on shares of Sirius XM from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd.
In related news, Director Joan Lordi Amble sold 73,961 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $6.50, for a total value of $480,746.50. Following the completion of the sale, the director now owns 101,174 shares of the company’s stock, valued at approximately $657,631. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Thomas D. Barry sold 175,777 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $6.11, for a total transaction of $1,073,997.47. Following the completion of the sale, the vice president now directly owns 551,815 shares of the company’s stock, valued at approximately $3,371,589.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,113,308 shares of company stock valued at $6,822,521. Insiders own 1.06% of the company’s stock.
SIRI stock traded down $0.09 on Friday, reaching $6.17. 17,364,669 shares of the company’s stock were exchanged, compared to its average volume of 17,067,748. Sirius XM has a 12 month low of $4.73 and a 12 month high of $6.62. The company has a quick ratio of 0.16, a current ratio of 0.17 and a debt-to-equity ratio of -4.42. The stock has a market cap of $28,119.07, a price-to-earnings ratio of 47.47, a PEG ratio of 1.75 and a beta of 1.10.
Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Sirius XM had a net margin of 11.94% and a negative return on equity of 79.79%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. equities research analysts anticipate that Sirius XM will post 0.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 7th were issued a dividend of $0.011 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, February 6th. Sirius XM’s dividend payout ratio (DPR) is 30.77%.
Sirius XM declared that its board has authorized a stock repurchase plan on Tuesday, January 23rd that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
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Sirius XM 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.
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