Sirius XM (NASDAQ:SIRI) had its price target hoisted by analysts at Morgan Stanley from $5.35 to $5.50 in a research report issued to clients and investors on Monday. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s price objective indicates a potential downside of 10.42% from the stock’s previous close.
Several other equities research analysts have also commented on SIRI. B. Riley reissued a “buy” rating on shares of Sirius XM in a research note on Wednesday, November 1st. Zacks Investment Research lowered Sirius XM from a “buy” rating to a “hold” rating in a research note on Thursday. Buckingham Research boosted their price target on Sirius XM from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Friday. Barclays boosted their price target on Sirius XM from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, 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. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Sirius XM has a consensus rating of “Buy” and a consensus price target of $6.12.
Shares of Sirius XM (NASDAQ:SIRI) traded up $0.03 during trading hours on Monday, hitting $6.14. The stock had a trading volume of 2,276,722 shares, compared to its average volume of 23,586,027. The stock has a market cap of $27,445.29, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of 1.76 and a beta of 1.17. The company has a debt-to-equity ratio of -4.42, a current ratio of 0.17 and a quick ratio of 0.16. Sirius XM has a fifty-two week low of $4.67 and a fifty-two week high of $6.28.
In other Sirius XM news, CEO James E. Meyer sold 172,704 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total value of $980,958.72. Following the completion of the transaction, the chief executive officer now directly owns 3,377,085 shares in the company, valued at approximately $19,181,842.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Patrick L. Donnelly sold 1,374,479 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total value of $7,834,530.30. Following the completion of the transaction, the executive vice president now owns 227,430 shares of the company’s stock, valued at $1,296,351. The disclosure for this sale can be found here. Insiders own 1.06% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Scotia Capital Inc. raised its holdings in Sirius XM by 0.8% in the 2nd quarter. Scotia Capital Inc. now owns 25,494 shares of the company’s stock valued at $139,000 after acquiring an additional 206 shares during the last quarter. Toronto Dominion Bank raised its holdings in Sirius XM by 9.7% in the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock valued at $111,000 after acquiring an additional 1,799 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Sirius XM by 1.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 113,475 shares of the company’s stock valued at $621,000 after acquiring an additional 1,828 shares during the last quarter. Stifel Financial Corp raised its holdings in Sirius XM by 6.0% in the 2nd quarter. Stifel Financial Corp now owns 98,209 shares of the company’s stock valued at $538,000 after acquiring an additional 5,563 shares during the last quarter. Finally, National Asset Management Inc. raised its holdings in Sirius XM by 33.1% in the 2nd quarter. National Asset Management Inc. now owns 29,711 shares of the company’s stock valued at $163,000 after acquiring an additional 7,386 shares during the last quarter. Institutional investors own 19.69% of the company’s stock.
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About Sirius XM
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.
