Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI – Get 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
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
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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