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.
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.
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%.
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.