Analysts Give Sirius XM Holdings Inc. (SIRI:NSD) a Neutral Rating

Sirius XM Stock

Sirius XM Holdings Inc. (SIRI:NSD) has received a “Hold” rating from eleven brokerages, according to Stock Target Advisor. The company’s average 12-month price target, based on analyst coverage over the past year, is $5.73.

 

Sirius XM Stock-Analyst Ratings:

Several research firms have recently weighed in on SIRI. In February 2022, Rosenblatt Securities cut the company’s rating from “Buy” to “Neutral” and lowered its price objective from $7.40 to $4.80.

Similarly, Pivotal Research reduced the price target from $6.75 to $5.00 in February 2022, while Morgan Stanley lowered its price target from $6.00 to $5.40 in the same month.

However, Benchmark reaffirmed its “Buy” rating with a $7.00 price target in March 2022.

SIRI Ratings by Stock Target Advisor

Hedge Funds & Institutional Holdings:

Several large investors have also made changes to their holdings in Sirius XM. Invesco Ltd., for instance, increased its stake in the company by 63.8% during the first quarter of 2022, while Northern Trust Corp raised its stake by 22.6% during the same period. Institutional investors and hedge funds own 10.10% of the Sirius XM stock.

 

Sirius XM Stock Analysis:

Sirius XM stock is currently trading at $4.05, up 1.8%. The company has a market capitalization of $15.76 billion and a price-to-earnings ratio of 13.50.

The company’s fifty-day moving average price is $4.17, while its 200-day moving average price is $5.40. Sirius XM’s 12-month low is $3.43, and its 12-month high is $6.85.

SIRI Ratings by Stock Target Advisor

Sirius XM Stock Dividend:

Sirius XM announced a quarterly dividend in February 2022, with shareholders of record receiving a $0.0242 dividend on Friday, February 24th.

The ex-dividend date of this dividend was Wednesday, February 8th. This represented a positive change from the company’s previous quarterly dividend of $0.02. Sirius XM’s dividend payout ratio (DPR) is currently 33.33%.

 

Company Profile:

Sirius XM Holdings Inc., an audio entertainment company, operates audio business including subscription entertainment services in the United States. It operates through Sirius XM, and Pandora and Off-platform segment.

The company was incorporated in 2013 and is headquartered in New York. Sirius XM Holdings Inc. is a subsidiary of Liberty Media Corporation.

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