Stock analysts at Royal Bank Of Canada began coverage on shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) in a note issued to investors on Friday. The firm set a “sector perform” rating and a $6.00 price target on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 10.29% from the company’s previous close.

Several other equities analysts have also recently commented on SIRI. Citigroup Inc. boosted their target price on Sirius XM Holdings from $5.50 to $6.65 and gave the stock a “buy” rating in a research report on Monday, August 7th. FBR & Co restated an “outperform” rating and set a $6.00 target price (up from $5.70) on shares of Sirius XM Holdings in a research report on Sunday, July 30th. Vetr cut Sirius XM Holdings from a “strong-buy” rating to a “buy” rating and set a $6.06 target price for the company. in a research report on Monday, July 17th. Finally, Zacks Investment Research cut Sirius XM Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Sirius XM Holdings currently has an average rating of “Buy” and a consensus target price of $5.75.

Shares of Sirius XM Holdings (NASDAQ:SIRI) opened at 5.44 on Friday. The company has a market capitalization of $25.09 billion, a P/E ratio of 32.00 and a beta of 1.08. 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 price is $5.61 and its 200-day moving average price is $5.28.

Sirius XM Holdings (NASDAQ:SIRI) last announced its quarterly 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. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share. On average, equities analysts expect that Sirius XM Holdings will post $0.18 earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of SIRI. Rehmann Capital Advisory Group lifted its stake in Sirius XM Holdings by 97.5% during the first quarter. Rehmann Capital Advisory Group now owns 25,222 shares of the company’s stock worth $100,000 after purchasing an additional 12,452 shares during the last quarter. Biegel & Waller LLC bought a new stake in Sirius XM Holdings during the fourth quarter worth about $101,000. Macquarie Group Ltd. lifted its stake in Sirius XM Holdings by 476.2% during the second quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after purchasing an additional 15,200 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in Sirius XM Holdings during the second quarter worth about $102,000. Finally, Miracle Mile Advisors LLC lifted its stake in Sirius XM Holdings by 1.5% during the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock worth $102,000 after purchasing an additional 300 shares during the last quarter. 20.42% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Sirius XM Holdings (NASDAQ:SIRI)

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