Sirius XM Holdings Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:SIRI)
Shares of Sirius XM Holdings (NASDAQ:SIRI) have earned a consensus rating of “Buy” from the sixteen ratings firms that are covering the company, American Banking & Market News reports. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $4.21.
SIRI has been the subject of a number of recent research reports. Analysts at Evercore Partners raised their price target on shares of Sirius XM Holdings from $4.25 to $4.30 in a research note on Thursday. Separately, analysts at Wunderlich reiterated a “hold” rating on shares of Sirius XM Holdings in a research note on Wednesday. They now have a $3.50 price target on the stock. Finally, 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.
Sirius XM Holdings (NASDAQ:SIRI) opened at 3.38 on Monday. Sirius XM Holdings has a 52-week low of $2.98 and a 52-week high of $4.18. The stock has a 50-day moving average of $3.4 and a 200-day moving average of $3.. The company has a market cap of $20.609 billion and a P/E ratio of 61.79.
Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts predict that Sirius XM Holdings will post $0.08 earnings per share for the current fiscal year.
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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