Sirius XM Holdings Inc. (SIRI) PT Set at $7.00 by Piper Jaffray Companies
Sirius XM Holdings Inc. (NASDAQ:SIRI) has been given a $7.00 price target by stock analysts at Piper Jaffray Companies in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 22.59% from the stock’s previous close.
SIRI has been the subject of several other research reports. Vetr raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.28 target price for the company in a research note on Tuesday, June 20th. KeyCorp reissued a “hold” rating on shares of Sirius XM Holdings in a research note on Friday, August 25th. Zacks Investment Research downgraded Sirius XM Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. BidaskClub raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Finally, 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 note on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $5.96.
Sirius XM Holdings (SIRI) traded down 0.17% during midday trading on Wednesday, reaching $5.71. 20,327,637 shares of the company’s stock traded hands. Sirius XM Holdings has a 52-week low of $4.07 and a 52-week high of $5.89. The stock has a 50-day moving average of $5.58 and a 200 day moving average of $5.34. The company has a market cap of $26.34 billion, a P/E ratio of 33.59 and a beta of 1.07.
Sirius XM Holdings (NASDAQ:SIRI) last issued its earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 earnings per share. On average, analysts anticipate that Sirius XM Holdings will post $0.18 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. increased its position in Sirius XM Holdings by 476.2% during the 2nd quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock valued at $101,000 after purchasing an additional 15,200 shares during the period. Pitcairn Co. increased its position in Sirius XM Holdings by 1.3% during the 2nd quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock valued at $102,000 after purchasing an additional 237 shares during the period. Colony Group LLC acquired a new stake in Sirius XM Holdings during the 2nd quarter valued at approximately $102,000. Toronto Dominion Bank increased its position in Sirius XM Holdings by 9.7% during the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock valued at $111,000 after purchasing an additional 1,799 shares during the period. Finally, Advisor Partners LLC increased its position in Sirius XM Holdings by 103.7% during the 2nd quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock valued at $128,000 after purchasing an additional 11,938 shares during the period. 20.31% of the stock is owned by institutional investors and hedge funds.
Sirius XM Holdings Company Profile
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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