Sirius XM Holdings Receives “Hold” Rating from Wunderlich (SIRI)
Sirius XM Holdings (NASDAQ:SIRI)‘s stock had its “hold” rating reaffirmed by Wunderlich in a research note issued on Wednesday. They currently have a $3.50 price target on the stock. Wunderlich’s target price would suggest a potential upside of 2.94% from the company’s current price.
Sirius XM Holdings (NASDAQ:SIRI) traded up 0.44% during mid-day trading on Wednesday, hitting $3.415. The stock had a trading volume of 9,899,841 shares. Sirius XM Holdings has a one year low of $2.98 and a one year high of $4.18. The stock’s 50-day moving average is $3.4 and its 200-day moving average is $3.37. The company has a market cap of $20.605 billion and a price-to-earnings ratio of 60.71.
Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.02. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $0.02 earnings per share. Sirius XM Holdings’s revenue was up 10.1% compared to the same quarter last year. Analysts expect that Sirius XM Holdings will post $0.09 EPS for the current fiscal year.
SIRI has been the subject of a number of other recent research reports. Analysts at Pivotal Research raised their price target on shares of Sirius XM Holdings from $3.75 to $4.25 in a research note on Tuesday, July 15th. Separately, analysts at Citigroup Inc. initiated coverage on shares of Sirius XM Holdings in a research note on Tuesday, July 1st. They set an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Sirius XM Holdings in a research note on Tuesday, July 1st. They now have a $3.75 price target on the stock. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price 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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