Sirius XM (NASDAQ: SIRI) recently received a number of ratings updates from brokerages and research firms:

  • 2/7/2018 – Sirius XM was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 2/5/2018 – Sirius XM had its price target raised by analysts at Goldman Sachs Group Inc from $5.00 to $5.50. They now have a “buy” rating on the stock.
  • 2/5/2018 – Sirius XM had its price target raised by analysts at Morgan Stanley from $5.35 to $5.50. They now have an “underweight” rating on the stock.
  • 2/2/2018 – Sirius XM had its price target raised by analysts at Buckingham Research from $6.50 to $7.00. They now have a “buy” rating on the stock.
  • 2/1/2018 – Sirius XM 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 in a year. The company's healthy net subscriber growth is also a positive. Ushering in further good news, the company reported better-than-expected revenues in the fourth quarter of 2017. Moreover, both revenues and earnings per share improved on a year-over-year basis. Additionally, the decision of the company's board of directors to clear an additional buyback program worth $2 billion is a positive. The company's decision to hike quarterly dividends, announced last year, also raises optimism in the stock. However, high operating expenses and escalated debt levels raise concerns .”
  • 2/1/2018 – Sirius XM had its price target raised by analysts at Barclays PLC from $4.50 to $5.00. They now have an “equal weight” rating on the stock.
  • 1/26/2018 – Sirius XM was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 1/24/2018 – Sirius XM was upgraded by analysts at Zacks Investment Research from a “hold” 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 in a year. The company's healthy net subscriber growth is also a positive. Ushering in further good news, the company said that its performance with respect to additions of self-pay subscribers in 2017 was better-than-expected. Detailed results for the fourth-quarter and full-year 2017 will be out on Jan 31. Additionally, the company's board of directors cleared an additional buyback program worth $2 billion. The company's decision to hike quarterly dividends, announced last year, also raises optimism in the stock. Notably, the positive sentiment surrounding the stock can be made out from the fact that the Zacks Consensus Estimate for fourth-quarter earnings has moved north by 25% over the last 30 days. However, high costs and escalated debt levels raise concerns for the company.”
  • 1/19/2018 – Sirius XM is now covered by analysts at Buckingham Research. They set a “buy” rating and a $6.50 price target on the stock.
  • 1/19/2018 – Sirius XM was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $6.50 price target on the stock, up previously from $5.25.
  • 1/18/2018 – Sirius XM was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 1/11/2018 – Sirius XM was given a new $6.00 price target on by analysts at Royal Bank of Canada. They now have a “hold” rating on the stock.
  • 1/5/2018 – Sirius XM 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 six months. The stock lost 3.2%, compared with the industry's growth of 7%. Similar to the previous quarter, high costs are likely to hurt the company's bottom line in the fourth quarter of 2017 as well. The slowdown in auto sales is also a concern. the company's high debt levels are also worrisome. Increased leverage coupled with stiff competition may act as headwinds for the company going forward. However, the company's healthy net subscriber growth is a positive. Moreoever, the company’s decision to raise its full-year 2017 guidance for revenue, adjusted EBITDA and free cash flow is also impressive.”
  • 1/2/2018 – Sirius XM was downgraded by analysts at Barrington Research from an “outperform” rating to a “market perform” rating.
  • 1/2/2018 – Sirius XM was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $5.00 price target on the stock, down previously from $5.36.
  • 12/20/2017 – Sirius XM was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Sirius XM Holdings Inc. (NASDAQ SIRI) traded down $0.03 on Monday, reaching $5.82. 33,651,500 shares of the company traded hands, compared to its average volume of 24,983,920. The firm has a market capitalization of $26,140.00, a price-to-earnings ratio of 41.57, a price-to-earnings-growth ratio of 1.62 and a beta of 1.17. Sirius XM Holdings Inc. has a 52-week low of $4.72 and a 52-week high of $6.28. The company has a current ratio of 0.17, a quick ratio of 0.16 and a debt-to-equity ratio of -4.42.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 7th will be paid a dividend of $0.011 per share. The ex-dividend date is Tuesday, February 6th. This represents a $0.04 annualized dividend and a yield of 0.76%. Sirius XM’s dividend payout ratio (DPR) is 28.57%.

In related news, EVP Patrick L. Donnelly sold 1,374,479 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the sale, the executive vice president now owns 227,430 shares in the company, valued at $1,296,351. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO James E. Meyer sold 172,704 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total transaction of $980,958.72. Following the sale, the chief executive officer now owns 3,377,085 shares in the company, valued at approximately $19,181,842.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,586,530 shares of company stock worth $15,157,263. 1.06% of the stock is owned by company insiders.

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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