Analysts Set Sirius XM Holdings Inc. (NASDAQ:SIRI) Price Target at $26.96

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have received a consensus recommendation of “Reduce” from the fourteen ratings firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $26.96.

SIRI has been the topic of several research analyst reports. Barrington Research reiterated an “outperform” rating and issued a $30.00 price objective on shares of Sirius XM in a report on Thursday, January 30th. Pivotal Research lowered their price target on Sirius XM from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Morgan Stanley dropped their price target on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. The Goldman Sachs Group decreased their price objective on Sirius XM from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Finally, Guggenheim lowered their target price on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th.

Hedge Funds Weigh In On Sirius XM

Several institutional investors and hedge funds have recently bought and sold shares of the company. Coston McIsaac & Partners increased its holdings in shares of Sirius XM by 113.5% during the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after buying an additional 624 shares during the last quarter. Putney Financial Group LLC acquired a new position in Sirius XM in the fourth quarter valued at approximately $27,000. Union Bancaire Privee UBP SA purchased a new position in Sirius XM in the fourth quarter worth approximately $26,000. TCTC Holdings LLC acquired a new stake in Sirius XM during the third quarter worth $29,000. Finally, First Command Advisory Services Inc. purchased a new stake in Sirius XM in the fourth quarter valued at $30,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

Sirius XM Trading Down 1.7 %

Shares of NASDAQ:SIRI opened at $24.75 on Monday. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of -3.86, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The business’s 50 day moving average price is $23.34 and its 200-day moving average price is $25.82. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. Sirius XM has a 1 year low of $20.47 and a 1 year high of $48.00.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) 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%. On average, equities research analysts forecast that Sirius XM will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s payout ratio is currently -16.85%.

About Sirius XM

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.