Analysts Set Sirius XM Holdings Inc. (NASDAQ:SIRI) Price Target at $27.55

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $27.5455.

Several analysts have recently commented on the stock. Weiss Ratings upgraded shares of Sirius XM from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Citigroup restated a “sell” rating and set a $22.00 price objective (up from $19.00) on shares of Sirius XM in a research report on Monday, May 4th. Rosenblatt Securities upgraded shares of Sirius XM from a “neutral” rating to a “buy” rating and raised their price objective for the company from $24.00 to $46.00 in a research report on Thursday, April 23rd. Guggenheim restated a “buy” rating and set a $34.00 price objective (up from $29.00) on shares of Sirius XM in a research report on Friday, April 24th. Finally, Barrington Research raised their price objective on shares of Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, May 4th.

Sirius XM Price Performance

SIRI opened at $25.83 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83. Sirius XM has a 1-year low of $19.76 and a 1-year high of $28.77. The company has a market capitalization of $8.69 billion, a PE ratio of 10.90, a PEG ratio of 0.56 and a beta of 0.94. The firm’s 50 day simple moving average is $24.36 and its two-hundred day simple moving average is $22.28.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the firm earned $0.59 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities analysts forecast that Sirius XM will post 3.1 EPS for the current year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, May 11th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, May 11th. Sirius XM’s dividend payout ratio (DPR) is presently 45.57%.

Hedge Funds Weigh In On Sirius XM

Several institutional investors have recently bought and sold shares of SIRI. Root Financial Partners LLC grew its stake in Sirius XM by 612.8% during the first quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock valued at $32,000 after acquiring an additional 1,195 shares in the last quarter. Rossby Financial LCC grew its stake in Sirius XM by 57.7% during the fourth quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock valued at $32,000 after acquiring an additional 593 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Sirius XM during the fourth quarter valued at $40,000. Jessup Wealth Management Inc purchased a new position in Sirius XM during the fourth quarter valued at $40,000. Finally, Geneos Wealth Management Inc. grew its stake in Sirius XM by 36.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock valued at $41,000 after acquiring an additional 493 shares in the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Sirius XM Company Profile

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.