Brokerages Set Sirius XM Holdings Inc. (NASDAQ:SIRI) Price Target at $26.81

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been assigned an average rating of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $26.81.

SIRI has been the subject of a number of research reports. Rosenblatt Securities lowered their target price on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Barrington Research set a $28.00 price objective on Sirius XM in a report on Friday, January 31st. Wells Fargo & Company dropped their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research report on Thursday, December 19th. Guggenheim reduced their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, Seaport Res Ptn upgraded shares of Sirius XM from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th.

Institutional Investors Weigh In On Sirius XM

A number of institutional investors and hedge funds have recently modified their holdings of the company. Putney Financial Group LLC acquired a new position in Sirius XM during the fourth quarter worth approximately $27,000. Union Bancaire Privee UBP SA bought a new position in shares of Sirius XM during the 4th quarter worth approximately $26,000. First Command Advisory Services Inc. acquired a new position in shares of Sirius XM during the 4th quarter worth approximately $30,000. Geneos Wealth Management Inc. raised its stake in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after acquiring an additional 1,144 shares during the period. Finally, Itau Unibanco Holding S.A. raised its stake in Sirius XM by 255.5% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company’s stock valued at $42,000 after acquiring an additional 1,321 shares during the period. 10.69% of the stock is owned by institutional investors.

Sirius XM Price Performance

Shares of SIRI opened at $20.02 on Tuesday. The stock has a 50 day simple moving average of $23.50 and a 200 day simple moving average of $24.22. Sirius XM has a 52-week low of $18.69 and a 52-week high of $41.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market capitalization of $6.78 billion, a PE ratio of -3.12, a P/E/G ratio of 0.79 and a beta of 0.98.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. Sell-side analysts predict that Sirius XM will post 3.2 EPS for the current fiscal year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend was Friday, February 7th. Sirius XM’s dividend payout ratio (DPR) is presently -16.85%.

Sirius XM Company Profile

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company’s Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.