Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives $27.58 Consensus PT from Brokerages

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRIGet Free Report) have been given a consensus recommendation of “Reduce” by the fourteen analysts that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $27.42.

SIRI has been the subject of several research analyst reports. Morgan Stanley cut their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research report on Thursday. Guggenheim reiterated a “buy” rating and set a $30.00 price target on shares of Sirius XM in a report on Wednesday, December 11th. Benchmark restated a “buy” rating and issued a $43.00 price objective on shares of Sirius XM in a research note on Tuesday, October 15th. Bank of America reiterated an “underperform” rating and set a $23.00 target price on shares of Sirius XM in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Sirius XM from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th.

Read Our Latest Report on Sirius XM

Institutional Investors Weigh In On Sirius XM

Large investors have recently modified their holdings of the stock. Spire Wealth Management bought a new stake in shares of Sirius XM in the 4th quarter worth about $82,000. Chicago Partners Investment Group LLC boosted its position in Sirius XM by 7.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 16,502 shares of the company’s stock valued at $356,000 after buying an additional 1,202 shares in the last quarter. Highland Capital Management LLC bought a new stake in Sirius XM during the fourth quarter worth about $319,000. Nilsine Partners LLC acquired a new stake in shares of Sirius XM during the fourth quarter worth approximately $604,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Sirius XM during the fourth quarter worth approximately $26,000. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Stock Down 0.8 %

Sirius XM stock opened at $21.96 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. Sirius XM has a fifty-two week low of $20.47 and a fifty-two week high of $55.05. The firm has a fifty day moving average price of $23.91 and a two-hundred day moving average price of $27.32. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of -3.46, a P/E/G ratio of 1.11 and a beta of 1.05.

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 dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio is -17.03%.

About Sirius XM

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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.

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Analyst Recommendations for Sirius XM (NASDAQ:SIRI)

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