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

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) have been assigned an average recommendation of "Reduce" from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $26.96.

Several equities analysts have recently weighed in on SIRI shares. Morgan Stanley lowered their price target on Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company lowered their price target on Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a report on Thursday, December 19th. StockNews.com started coverage on Sirius XM in a report on Wednesday, November 13th. They set a "sell" rating on the stock. The Goldman Sachs Group lowered their price target 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, Barrington Research restated an "outperform" rating and issued a $30.00 price objective on shares of Sirius XM in a research note on Thursday, January 30th.

Institutional Investors Weigh In On Sirius XM

A number of institutional investors have recently bought and sold shares of SIRI. Berkshire Hathaway Inc increased its stake in Sirius XM by 11.7% in the 4th quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock worth $2,678,283,000 after buying an additional 12,313,544 shares in the last quarter. Sessa Capital IM L.P. bought a new position in shares of Sirius XM during the 3rd quarter valued at about $77,983,000. Thompson Siegel & Walmsley LLC bought a new position in shares of Sirius XM during the 3rd quarter valued at about $67,598,000. LSV Asset Management bought a new position in shares of Sirius XM during the 4th quarter valued at about $51,535,000. Finally, Seizert Capital Partners LLC bought a new position in shares of Sirius XM during the 3rd quarter valued at about $46,173,000. Hedge funds and other institutional investors own 10.69% of the company's stock.

Sirius XM Stock Down 0.0 %

SIRI stock traded down $0.01 during midday trading on Monday, hitting $25.19. The company's stock had a trading volume of 3,540,386 shares, compared to its average volume of 5,790,657. The company has a market cap of $8.53 billion, a PE ratio of -3.93, a P/E/G ratio of 0.83 and a beta of 1.06. Sirius XM has a 12 month low of $20.47 and a 12 month high of $48.00. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93. The firm's 50-day moving average is $23.32 and its 200-day moving average is $25.86.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released 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 positive return on equity of 13.44% and a negative net margin of 24.03%. On average, equities research analysts forecast that Sirius XM will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.08 dividend on an annualized basis and a yield of 4.29%. Sirius XM's payout ratio 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.