Research Analysts’ Weekly Ratings Changes for Sirius XM Holdings (SIRI)

Several brokerages have updated their recommendations and price targets on shares of Sirius XM Holdings (NASDAQ: SIRI) in the last few weeks:

  • 7/17/2017 – Sirius XM Holdings was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $6.06 price target on the stock.
  • 7/12/2017 – Sirius XM Holdings was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Shares of Sirius XM outperformed the Zacks-categorized Broadcasting- Radio-TV industry over the last one month. Sirius XM's healthy net subscriber growth is encouraging. This is expected to drive second quarter results on Jul 26. Sirius XM is expected to witness further growth in this respect in 2017. The company's efforts to expand its product portfolio also raise optimism. Warren Buffett's decision to raise his stake in the stock is also encouraging. We are also impressed by the company's efforts to reward shareholders. However, the company's high debt level raises concerns. Increased leverage coupled with stiff competition from rivals will act as headwinds for the company going forward.”
  • 7/10/2017 – Sirius XM Holdings was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $6.06 price target on the stock.
  • 7/4/2017 – Sirius XM Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Sirius XM's high debt level raises concerns. Increased leverage coupled with stiff competition from rivals will act as headwinds for the company going forward. However, the company's healthy net subscriber growth is  encouraging. The company ended the first quarter of 2017 with  approximately 31.6 million subscribers. Sirius XM is expected to witness further growth in this respect in 2017. The company's efforts to expand its product portfolio also raise optimism. Warren Buffett's decision to raise his stake in the stock is also encouraging. We are also impressed by the company's efforts to reward shareholders. Shares of Sirius XM outperformed the Zacks-categorized Broadcasting- Radio-TV industry over the last one month.”
  • 7/3/2017 – Sirius XM Holdings was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $6.06 price target on the stock.
  • 7/1/2017 – Sirius XM Holdings was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/20/2017 – Sirius XM Holdings was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $6.28 price target on the stock.
  • 6/19/2017 – Sirius XM Holdings was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $5.79 price target on the stock.
  • 6/16/2017 – Sirius XM Holdings had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $5.50 price target on the stock.
  • 6/12/2017 – Sirius XM Holdings was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $5.79 price target on the stock.
  • 6/6/2017 – Sirius XM Holdings was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $5.18 price target on the stock.
  • 6/5/2017 – Sirius XM Holdings was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $5.12 price target on the stock.
  • 5/29/2017 – Sirius XM Holdings was downgraded by analysts at Vetr from a “buy” rating to a “sell” rating. They now have a $5.12 price target on the stock.

Shares of Sirius XM Holdings Inc. (SIRI) opened at 5.46 on Tuesday. Sirius XM Holdings Inc. has a one year low of $4.05 and a one year high of $5.53. The firm has a 50-day moving average price of $5.16 and a 200-day moving average price of $4.96. The stock has a market cap of $25.47 billion, a price-to-earnings ratio of 34.12 and a beta of 1.11.

Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings data on Thursday, April 27th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Sirius XM Holdings had a net margin of 15.24% and a negative return on equity of 104.00%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.03 earnings per share. Analysts anticipate that Sirius XM Holdings Inc. will post $0.18 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Tuesday, August 8th. Sirius XM Holdings’s dividend payout ratio (DPR) is presently 26.67%.

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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