Sirius XM Holdings (SIRI) – Investment Analysts’ Weekly Ratings Updates

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

  • 11/1/2017 – Sirius XM Holdings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Sirius XM have outperformed its industry so far this year. Ushering in further good news, the company reported better-than-expected earnings per share and revenues in the third quarter of 2017. Both metrics also improved on a year-over-year basis. Additionally, healthy net subscriber growth is a positive. In fact, the company’s decision to raise its full-year 2017 guidance for revenue, adjusted EBITDA and free cash flow is impressive. However, high costs hurt the company's bottom line in third quarter. Quarterly total operating expenses increased 6.8% year over year. The slowdown in auto sales is also a concern. The company's high debt levels also raise concerns. Increased leverage coupled with stiff competition from rivals may act as headwinds for the company going forward.”
  • 10/27/2017 – Sirius XM Holdings was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $6.25 price target on the stock. According to Zacks, “Shares of Sirius XM have outperformed its industry so far this year. Ushering in further good news, the company reported better-than-expected earnings per share and revenues in the third quarter of 2017. Both metrics also improved on a year-over-year basis. Additionally, healthy net subscriber growth is a positive. In fact, the company’s decision to raise its full-year 2017 guidance for revenue, adjusted EBITDA and free cash flow is impressive. Furthermore, Sirius XM’s decision to reward shareholders through dividends and buybacks remain encouraging. We, however, are concerned about the company's high operating expenses in the near term.”
  • 10/26/2017 – Sirius XM Holdings had its price target raised by analysts at Gabelli from $4.75 to $6.10. They now have a “buy” rating on the stock.
  • 10/25/2017 – Sirius XM Holdings had its “buy” rating reaffirmed by analysts at Pivotal Research. They now have a $6.80 price target on the stock, up previously from $6.25.
  • 10/18/2017 – Sirius XM Holdings had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $6.00 price target on the stock.
  • 10/13/2017 – Sirius XM Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Even though shares of Sirius XM have outperformed its industry so far this year, we remain concerned about the company's high operating expenses. Escalated costs are likely to hurt its bottom line in the third quarter. Detailed results should be out on Oct 25. Slowdown in subscription growth is another concern. The company added 1.052 million subscribers in the first half of 2016. The number fell to 0.702 million in the first half of 2017. The company's high debt levels also raise concerns. Excessive competition may also hinder growth. We are, however, impressed by the company's recent decision to hike its quarterly dividend payout.”
  • 10/12/2017 – Sirius XM Holdings was given a new $7.00 price target on by analysts at Bank of America Corporation. They now have a “buy” rating on the stock.
  • 10/11/2017 – Sirius XM Holdings was given a new $7.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 10/2/2017 – Sirius XM Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Sirius XM have underperformed its industry in the last three months. The  stock gained 2.6%, while the industry appreciated 3.9%. Moreover, the company's high debt levels raise concerns. Adding further to its woes, increased leverage coupled with stiff competition from rivals will act as headwinds for the company going forward. The rise in operating expenses of the company are also concerning. However, the company's healthy net subscriber growth is encouraging. In fact, the company is expected to witness further growth in this respect in 2017. The company's guidance for 2017 is also encouraging.”
  • 9/19/2017 – 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. Moreover, increased leverage coupled with stiff competition from rivals will act as headwinds for the company going forward. The rise in operating expenses of the company are also concerning. Shares of the company have underperformed its industry in a month. However, the company's healthy net subscriber growth is encouraging. The company is expected to witness further growth in this respect in 2017. The company increased its full-year 2017 Self-pay net subscriber additions to 1.4 million (previous guidance: 1.3 million).”
  • 9/15/2017 – Sirius XM Holdings is now covered by analysts at Royal Bank Of Canada. They set a “sector perform” rating and a $6.00 price target on the stock.

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) traded down 0.74% during midday trading on Wednesday, hitting $5.40. The company’s stock had a trading volume of 19,809,392 shares. The company has a market cap of $24.91 billion, a P/E ratio of 31.76 and a beta of 1.07. Sirius XM Holdings Inc. has a 1-year low of $4.11 and a 1-year high of $5.89. The company has a 50-day moving average price of $5.59 and a 200 day moving average price of $5.39.

Sirius XM Holdings (NASDAQ:SIRI) last released its earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. Sirius XM Holdings had a negative return on equity of 93.51% and a net margin of 16.71%. Sirius XM Holdings’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 earnings per share. On average, equities research analysts predict that Sirius XM Holdings Inc. will post $0.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be paid a $0.011 dividend. This is an increase from Sirius XM Holdings’s previous quarterly dividend of $0.01. The ex-dividend date is Wednesday, November 8th. This represents a $0.04 annualized dividend and a yield of 0.81%. Sirius XM Holdings’s dividend payout ratio is presently 22.22%.

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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