Sadif upgrades Sirius XM Holdings Inc. (NASDAQ:SIRI)
SEP 18, 2015 Markets Staff
Sadif has updated its view on Sirius XM Holdings Inc. (NASDAQ:SIRI) with an upgrade to Above Average from Average. After assessing various data points, Sadif is convinced that SIRI is a high quality business with neutral outlook. When compared by the closest rated peer Entercom Communications Corp. (NYSE:ETM), SIRI comes out as greater undervalued and with the potential to outperform the market, according to Sadif.
The other favorable factor is that SIRI’s business has been growing strongly in the recent times and its fair value exchange has also been stable compared to that of Entercom. When it comes to stock mark ratings, Sadif sees Sirius XM Holdings Inc. (NASDAQ:SIRI)’s total quality rating (SMT) at 84 and rating based on management is 67.
On a consensus basis, Wall Street sell-side analysts have a mean target price of $4.655 for Sirius XM Holdings Inc. (NASDAQ:SIRI). This number is based on the mean estimate from the 10 research firms that recently issued reports on the company.
According to analysts, Sirius XM Holdings Inc. (NASDAQ:SIRI) is expected to report earnings per share for the current fiscal quarter of $0.03. This is the consensus mean estimate based on the individual covering sell-side analysts’ reported numbers. The company last reported earnings for the period ending on 2015-06-30 of $0.03.
The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 is a Strong Buy and 5 is a Strong Sell, has the stock is ranked 1.91 based on 10 sell-side broker recommendations. Of the 10 analyst estimates, the most bullish sees the stock reaching $5.25 within the next 12 months while the most bearish analyst sees the stock at $4.25 within the year.
In looking at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $0.13. The high end estimate for this time frame is $0.14 with the low being $0.12. In looking at the next three to five years, the long term earnings per share estimate growth rate for the company is 29.35%, based on 3 analysts providing projections.
