Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives $26.96 Average PT from Analysts

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) have received an average recommendation of "Reduce" from the fourteen analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $26.96.

SIRI has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on Sirius XM from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Rosenblatt Securities dropped their price target on Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Morgan Stanley reduced their price objective on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a research report on Thursday, January 23rd. StockNews.com assumed coverage on shares of Sirius XM in a research report on Wednesday, November 13th. They issued a "sell" rating for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of Sirius XM from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Thursday, November 7th.

Sirius XM Trading Down 1.7 %

Shares of NASDAQ:SIRI traded down $0.44 during trading on Monday, reaching $24.75. 4,935,623 shares of the company traded hands, compared to its average volume of 6,165,647. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM has a 52-week low of $20.47 and a 52-week high of $48.00. The business's fifty day moving average is $23.34 and its 200-day moving average is $25.82. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of -3.86, a P/E/G ratio of 0.79 and a beta of 1.06.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. As a group, analysts forecast that Sirius XM will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

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 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Friday, February 7th. Sirius XM's dividend payout ratio (DPR) is presently -16.85%.

Institutional Investors Weigh In On Sirius XM

Large investors have recently made changes to their positions in the company. Union Bancaire Privee UBP SA purchased a new position in shares of Sirius XM in the fourth quarter worth approximately $26,000. Coston McIsaac & Partners lifted its position in Sirius XM by 113.5% during the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company's stock valued at $27,000 after purchasing an additional 624 shares in the last quarter. Putney Financial Group LLC bought a new stake in Sirius XM during the fourth quarter valued at about $27,000. TCTC Holdings LLC purchased a new stake in Sirius XM in the third quarter worth about $29,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of Sirius XM during the 4th quarter valued at about $30,000. 10.69% of the stock is currently owned by institutional investors.

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.