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Sirius XM Holdings (NASDAQ:SIRI)‘s stock had its “neutral” rating reaffirmed by Zacks in a note issued to investors on Tuesday. They currently have a $3.75 price target on the stock. Zacks‘s price objective points to a potential upside of 8.38% from the company’s current price.

Zacks’ analyst wrote, “SIRIUS XM reported better financial results for the first quarter of 2014, where its bottom line was in line with the Zacks Consensus Estimate while the top line surpassed the same. Despite strong revenues, adjusted EBITDA, free cash flow and higher ARPU, SIRIUS XM is largely dependent on the future of the U.S. auto industry, which at present is poised for strong growth. The company boasts an estimated 70% share of the new cars sold. Therefore, even a minor fluctuation in auto sales may significantly affect the company’s financials. To counter such overdependence, management has decided to foray into the telematics business. We believe that the acquisition of the connected vehicle services division of Agero will be a long-term positive for the company. Thus, we reaffirm our Neutral recommendation on SIRIUS XM.”

Sirius XM Holdings (NASDAQ:SIRI) traded down 0.29% on Tuesday, hitting $3.45. 21,106,582 shares of the company’s stock traded hands. Sirius XM Holdings has a 1-year low of $2.98 and a 1-year high of $4.18. The stock’s 50-day moving average is $3.31 and its 200-day moving average is $3.40. The company has a market cap of $20.817 billion and a price-to-earnings ratio of 61.79.

Sirius XM Holdings (NASDAQ:SIRI) last released its earnings data on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.02. The company had revenue of $998.00 million for the quarter, compared to the consensus estimate of $994.93 million. During the same quarter last year, the company posted $0.02 earnings per share. Sirius XM Holdings’s revenue was up 11.2% compared to the same quarter last year. Analysts expect that Sirius XM Holdings will post $0.09 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on SIRI. Analysts at TheStreet upgraded shares of Sirius XM Holdings from a “hold” rating to a “buy” rating in a research note on Monday, May 26th. Separately, analysts at Maxim Group cut their price target on shares of Sirius XM Holdings from $5.80 to $4.45 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. Finally, analysts at Wunderlich reiterated a “hold” rating on shares of Sirius XM Holdings in a research note on Tuesday, May 13th. They now have a $3.50 price target on the stock. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $4.20.

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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