Sirius XM Holdings Inc. (SIRI) Price Target Raised to $6.65 at Citigroup Inc.
Sirius XM Holdings Inc. (NASDAQ:SIRI) had its target price increased by analysts at Citigroup Inc. from $5.50 to $6.65 in a research note issued on Monday. The brokerage currently has a “buy” rating on the stock. Citigroup Inc.’s target price would suggest a potential upside of 18.75% from the company’s previous close.
A number of other research firms have also recently weighed in on SIRI. Barclays PLC set a $5.00 price objective on shares of Sirius XM Holdings and gave the stock a “hold” rating in a report on Sunday, April 30th. FBR & Co reissued an “outperform” rating and set a $6.00 price objective (up previously from $5.70) on shares of Sirius XM Holdings in a report on Sunday, July 30th. Vetr cut shares of Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $6.06 price objective on the stock. in a report on Monday, July 17th. Finally, Zacks Investment Research cut shares of Sirius XM Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $5.73.
Sirius XM Holdings (NASDAQ SIRI) traded up 0.72% during mid-day trading on Monday, reaching $5.60. 14,016,536 shares of the company’s stock traded hands. Sirius XM Holdings has a 52 week low of $4.05 and a 52 week high of $5.89. The stock’s 50 day moving average is $5.40 and its 200-day moving average is $5.11. The stock has a market capitalization of $25.83 billion, a PE ratio of 32.94 and a beta of 1.11.
Sirius XM Holdings (NASDAQ:SIRI) last issued its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the company earned $0.04 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts anticipate that Sirius XM Holdings will post $0.18 EPS for the current year.
A number of institutional investors have recently bought and sold shares of SIRI. BlackRock Inc. raised its position in Sirius XM Holdings by 3,534.6% in the first quarter. BlackRock Inc. now owns 82,131,614 shares of the company’s stock worth $422,980,000 after buying an additional 79,871,880 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new position in Sirius XM Holdings during the first quarter worth $55,871,000. Acadian Asset Management LLC purchased a new position in Sirius XM Holdings during the first quarter worth $29,739,000. Credit Agricole S A raised its position in Sirius XM Holdings by 641.1% in the first quarter. Credit Agricole S A now owns 6,219,924 shares of the company’s stock worth $32,032,000 after buying an additional 5,380,619 shares during the period. Finally, FMR LLC raised its position in Sirius XM Holdings by 12.8% in the first quarter. FMR LLC now owns 41,962,057 shares of the company’s stock worth $216,105,000 after buying an additional 4,772,837 shares during the period. Hedge funds and other institutional investors own 22.30% of the company’s stock.
About Sirius XM Holdings
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. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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