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Sirius XM Holdings (NASDAQ:SIRI)‘s stock had its “hold” rating reiterated by Wunderlich in a research note issued on Wednesday, Stock Ratings News reports. They currently have a $3.50 price target on the stock, down from their previous price target of $3.80. Wunderlich’s target price indicates a potential upside of 10.41% from the stock’s previous close.

The analysts wrote, “We are slightly reducing our price target on Hold-rated Sirius XM Radio (SIRI) to $3.50 from $3.80, although the reduction is more off the level of long-term growth activity required to justify SIRI’s still ample valuation rather than any particular angst moving into tomorrow’s earnings report. The lynchpin for our analysis of Sirius XM’s 2020 adjusted operating income potential (and fair 2014 valuation) remains average annual customer additions inclusive of the used car market and pricing growth, as the company’s cost structure remains highly predictable. “We also expect awareness of mounting competition from Apple’s (AAPL-NR) CarPlay and other entrants to restrain multiple expansion even as Sirius XM renews repurchase activity.”

Shares of Sirius XM Holdings (NASDAQ:SIRI) traded down 1.55% during mid-day trading on Wednesday, hitting $3.17. The stock had a trading volume of 39,358,436 shares. Sirius XM Holdings has a 52 week low of $3.00 and a 52 week high of $4.18. The stock’s 50-day moving average is $3.27 and its 200-day moving average is $3.57. The company has a market cap of $19.328 billion and a price-to-earnings ratio of 53.67.

Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.01. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $981.92 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts expect that Sirius XM Holdings will post $0.10 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on SIRI. Analysts at Buckingham Research initiated coverage on shares of Sirius XM Holdings in a research note on Thursday, April 10th. They set a “buy” rating and a $4.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Sirius XM Holdings from $3.34 to $4.00 in a research note on Tuesday, April 8th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Sirius XM Holdings in a research note on Thursday, April 3rd. They now have a $3.50 price target on the stock. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Sirius XM Holdings currently has an average rating of “Buy” and an average price target of $4.25.

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.

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