Barrington Research Reaffirms “Outperform” Rating for Sirius XM (NASDAQ:SIRI)

Sirius XM (NASDAQ:SIRI)‘s stock had its “outperform” rating reissued by analysts at Barrington Research in a research note issued on Thursday,Benzinga reports. They currently have a $30.00 price objective on the stock. Barrington Research’s target price would indicate a potential upside of 24.95% from the company’s previous close.

A number of other analysts have also commented on the company. The Goldman Sachs Group lowered their price objective on Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Rosenblatt Securities increased their target price on shares of Sirius XM from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Wells Fargo & Company reduced their target price on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 19th. StockNews.com started coverage on shares of Sirius XM in a research report on Wednesday, November 13th. They issued a “sell” rating for the company. Finally, JPMorgan Chase & Co. raised their price objective on Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.35.

Sirius XM Stock Performance

Shares of NASDAQ SIRI opened at $24.01 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The company has a market cap of $8.14 billion, a P/E ratio of -3.79, a P/E/G ratio of 1.11 and a beta of 1.05. The business’s 50 day moving average is $23.66 and its two-hundred day moving average is $26.94. Sirius XM has a 12 month low of $20.47 and a 12 month high of $53.50.

Sirius XM (NASDAQ:SIRI) last issued its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 68.38% and a negative net margin of 23.02%. On average, equities analysts expect that Sirius XM will post -6 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sessa Capital IM L.P. purchased a new position in Sirius XM during the third quarter valued at approximately $77,983,000. Thompson Siegel & Walmsley LLC purchased a new stake in Sirius XM in the third quarter worth $67,598,000. Seizert Capital Partners LLC purchased a new position in shares of Sirius XM during the 3rd quarter worth approximately $46,173,000. Marshall Wace LLP bought a new position in shares of Sirius XM in the 2nd quarter worth about $3,616,000. Finally, Sanctuary Advisors LLC bought a new position in Sirius XM during the 2nd quarter valued at approximately $3,041,000. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

About Sirius XM

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company’s Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.