Sirius XM Holdings Inc. (SIRI) Rating Reiterated by Royal Bank Of Canada
Sirius XM Holdings Inc. (NASDAQ:SIRI)‘s stock had its “hold” rating restated by equities research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday. They presently have a $6.00 price objective on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 4.53% from the company’s current price.
Several other research analysts also recently weighed in on SIRI. Zacks Investment Research downgraded Sirius XM Holdings from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Vetr upgraded Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.31 target price on the stock in a research note on Monday, August 7th. KeyCorp restated a “hold” rating on shares of Sirius XM Holdings in a research note on Friday, August 25th. BidaskClub upgraded Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Finally, Bank of America Corporation set a $7.00 target price on Sirius XM Holdings and gave the stock a “buy” rating in a research note on Thursday, October 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $5.96.
Sirius XM Holdings (NASDAQ:SIRI) remained flat at $5.74 during midday trading on Wednesday. 3,039,543 shares of the company’s stock traded hands. The firm has a market cap of $26.48 billion, a PE ratio of 33.76 and a beta of 1.07. The stock has a 50 day moving average price of $5.59 and a 200 day moving average price of $5.36. Sirius XM Holdings has a 12-month low of $4.07 and a 12-month high of $5.89.
Sirius XM Holdings (NASDAQ:SIRI) last announced its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business earned $0.04 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts expect that Sirius XM Holdings will post $0.18 EPS for the current fiscal year.
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Institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. raised its holdings in shares of Sirius XM Holdings by 476.2% during the second quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock valued at $101,000 after acquiring an additional 15,200 shares during the last quarter. Colony Group LLC acquired a new position in shares of Sirius XM Holdings during the second quarter valued at approximately $102,000. Pitcairn Co. raised its holdings in shares of Sirius XM Holdings by 1.3% during the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock valued at $102,000 after acquiring an additional 237 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Sirius XM Holdings by 9.7% during the second 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. Finally, Advisor Partners LLC raised its holdings in shares of Sirius XM Holdings by 103.7% during the second quarter. Advisor Partners LLC now owns 23,449 shares of the company’s stock valued at $128,000 after acquiring an additional 11,938 shares during the last quarter. 20.26% of the stock is owned by institutional investors and hedge funds.
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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