Sirius XM (NASDAQ:SIRI) was upgraded by stock analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued on Friday, Marketbeat Ratings reports. The firm currently has a $6.50 target price on the stock, up from their previous target price of $5.25. Deutsche Bank’s price target suggests a potential upside of 16.07% from the company’s previous close.
A number of other equities analysts have also recently weighed in on the company. BidaskClub cut Sirius XM from a “sell” rating to a “strong sell” rating in a research note on Thursday. Royal Bank of Canada set a $6.00 price target on Sirius XM and gave the stock a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research cut Sirius XM from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Barrington Research cut Sirius XM from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. cut Sirius XM from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $5.36 to $5.00 in a research note on Tuesday, January 2nd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $6.01.
Shares of Sirius XM (SIRI) traded up $0.13 on Friday, reaching $5.60. The company had a trading volume of 26,283,740 shares, compared to its average volume of 17,345,318. The stock has a market cap of $25,139.13, a PE ratio of 31.11, a P/E/G ratio of 1.29 and a beta of 1.12. Sirius XM has a 1 year low of $4.55 and a 1 year high of $5.89. The company has a debt-to-equity ratio of -6.41, a current ratio of 0.19 and a quick ratio of 0.18.
Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.02. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Sirius XM had a negative return on equity of 93.51% and a net margin of 16.71%. Sirius XM’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $0.04 EPS. equities analysts anticipate that Sirius XM will post 0.19 EPS for the current year.
In other news, EVP Patrick L. Donnelly sold 1,374,479 shares of Sirius XM stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the completion of the sale, the executive vice president now directly owns 227,430 shares in the company, valued at approximately $1,296,351. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO James E. Meyer sold 172,704 shares of Sirius XM stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total value of $980,958.72. Following the sale, the chief executive officer now owns 3,377,085 shares of the company’s stock, valued at $19,181,842.80. The disclosure for this sale can be found here. 1.06% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in SIRI. Macquarie Group Ltd. lifted its holdings in shares of Sirius XM 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 buying an additional 15,200 shares during the last quarter. Colony Group LLC acquired a new stake in shares of Sirius XM during the 2nd quarter valued at about $102,000. Toronto Dominion Bank lifted its holdings in shares of Sirius XM 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 buying an additional 1,799 shares during the last quarter. Kalos Management Inc. acquired a new stake in shares of Sirius XM during the 3rd quarter valued at about $114,000. Finally, AE Wealth Management LLC lifted its holdings in shares of Sirius XM by 72.7% during the 3rd quarter. AE Wealth Management LLC now owns 23,579 shares of the company’s stock valued at $130,000 after buying an additional 9,924 shares during the last quarter. Institutional investors and hedge funds own 19.64% of the company’s stock.
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Sirius XM 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.