Sirius XM Holdings Inc. (SIRI) PT Set at $6.00 by Bank of America Corp.
Sirius XM Holdings Inc. (NASDAQ:SIRI) received a $6.00 target price from equities research analysts at Bank of America Corp. in a note issued to investors on Tuesday. The firm currently has a a “buy” rating on the stock. Bank of America Corp.’s target price would indicate a potential upside of 44.23% from the company’s current price.
Several other research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Sirius XM Holdings from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a report on Tuesday. Pivotal Research reissued a “buy” rating and set a $5.65 price target (up from $5.00) on shares of Sirius XM Holdings in a report on Friday, September 30th. JPMorgan Chase & Co. began coverage on shares of Sirius XM Holdings in a report on Monday, September 26th. They set a “neutral” rating for the company. Macquarie reissued an “outperform” rating and set a $4.85 price target on shares of Sirius XM Holdings in a report on Friday, September 23rd. Finally, Wunderlich reissued a “buy” rating and set a $5.00 price target on shares of Sirius XM Holdings in a report on Sunday, September 4th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Sirius XM Holdings presently has a consensus rating of “Buy” and an average price target of $4.84.
Shares of Sirius XM Holdings (NASDAQ:SIRI) opened at 4.16 on Tuesday. The stock has a market cap of $20.29 billion, a price-to-earnings ratio of 34.67 and a beta of 1.33. The stock’s 50 day moving average price is $4.16 and its 200 day moving average price is $4.05. Sirius XM Holdings has a one year low of $3.29 and a one year high of $4.44.
Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Sirius XM Holdings had a negative return on equity of 179.05% and a net margin of 13.44%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.03 earnings per share. Analysts forecast that Sirius XM Holdings will post $0.14 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of SIRI. Geode Capital Management LLC increased its position in Sirius XM Holdings by 2.4% in the first quarter. Geode Capital Management LLC now owns 14,587,449 shares of the company’s stock worth $57,591,000 after buying an additional 341,631 shares in the last quarter. RS Investment Management Co. LLC increased its position in Sirius XM Holdings by 0.8% in the second quarter. RS Investment Management Co. LLC now owns 15,275,040 shares of the company’s stock worth $60,336,000 after buying an additional 124,330 shares in the last quarter. National Pension Service increased its position in Sirius XM Holdings by 4.5% in the first quarter. National Pension Service now owns 1,757,085 shares of the company’s stock worth $6,940,000 after buying an additional 75,837 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in Sirius XM Holdings during the first quarter worth $1,234,000. Finally, Aperio Group LLC increased its position in Sirius XM Holdings by 3.2% in the first quarter. Aperio Group LLC now owns 399,288 shares of the company’s stock worth $1,577,000 after buying an additional 12,466 shares in the last quarter. 20.82% of the stock is currently owned by institutional investors.
About Sirius XM Holdings
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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