Sirius XM Holdings logoEquities research analysts at Citigroup Inc. boosted their price objective on shares of Sirius XM Holdings (NASDAQ:SIRI) from $4.15 to $4.50 in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s target price would indicate a potential upside of 15.98% from the stock’s previous close.
Sirius XM Holdings (NASDAQ:SIRI) traded down 1.02% during mid-day trading on Monday, hitting $3.89. The stock had a trading volume of 27,430,218 shares. Sirius XM Holdings has a 1-year low of $3.09 and a 1-year high of $4.04. The stock’s 50-day moving average is $3. and its 200-day moving average is $3.. The company has a market cap of $21.71 billion and a P/E ratio of 48.63.
Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.01. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. Analysts expect that Sirius XM Holdings will post $0.11 EPS for the current fiscal year.
A number of other firms have also recently commented on SIRI. Analysts at Deutsche Bank set a $4.10 price target on shares of Sirius XM Holdings and gave the company a “hold” rating in a research note on Wednesday, April 29th. Analysts at Bank of America reiterated a “buy” rating and set a $5.00 price target (up previously from $3.95) on shares of Sirius XM Holdings in a research note on Tuesday, April 28th. Analysts at Goldman Sachs initiated coverage on shares of Sirius XM Holdings in a research note on Monday, March 23rd. They set a “neutral” rating and a $4.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating and set a $4.00 price target on shares of Sirius XM Holdings in a research note on Monday, March 16th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Sirius XM Holdings has an average rating of “Buy” and an average price target of $4.38.
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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