Sirius XM Radio (NASDAQ:SIRI)‘s stock had its “buy” rating restated by analysts at Maxim Group in a research report issued to clients and investors on Tuesday, AmericanBankingNews.com reports. They currently have a $5.80 price target on the stock, up from their previous price target of $4.60. Maxim Group’s target price would indicate a potential upside of 41.46% from the company’s current price.
A number of other analysts have also recently weighed in on SIRI. Analysts at Piper Jaffray Cos. raised their EPS on shares of Sirius XM Radio in a research note to investors on Thursday, September 26th. They now have an “overweight” rating and a $5.00 price target on the stock. They previously had a $4.50 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Sirius XM Radio in a research note to investors on Monday, September 16th. They now have a $4.00 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of Sirius XM Radio in a research note to investors on Wednesday, July 31st. They set an “overweight” rating and a $4.50 price target on the stock. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $4.46.
Shares of Sirius XM Radio (NASDAQ:SIRI) opened at 4.10 on Tuesday. Sirius XM Radio has a one year low of $2.55 and a one year high of $4.10. The stock’s 50-day moving average is $3.88 and its 200-day moving average is $3.56. The company has a market cap of $25.458 billion and a price-to-earnings ratio of 54.67.
Sirius XM Radio (NASDAQ:SIRI) last released its earnings data on Thursday, July 25th. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.02. The company had revenue of $838.00 million for the quarter, compared to the consensus estimate of $934.40 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis.
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.
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