Sirius XM (NASDAQ:SIRI) Given New $20.00 Price Target at JPMorgan Chase & Co.

Sirius XM (NASDAQ:SIRI) had its target price raised by JPMorgan Chase & Co. from $19.00 to $20.00 in a research report released on Friday morning,Benzinga reports. They currently have an underweight rating on the stock.

SIRI has been the topic of several other reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sirius XM in a report on Tuesday, October 14th. Morgan Stanley upped their price target on shares of Sirius XM from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, July 16th. Rosenblatt Securities upped their price target on shares of Sirius XM from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price target on shares of Sirius XM in a report on Friday, August 1st. Finally, Wells Fargo & Company lowered their price target on shares of Sirius XM from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $24.13.

Sirius XM Price Performance

Shares of SIRI opened at $21.69 on Friday. The firm has a market capitalization of $7.30 billion, a PE ratio of -3.21, a price-to-earnings-growth ratio of 0.32 and a beta of 0.93. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41. Sirius XM has a 1-year low of $18.69 and a 1-year high of $29.18. The company’s fifty day moving average price is $22.70 and its 200-day moving average price is $22.40.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.05. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned ($8.74) earnings per share. Sirius XM has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Sirius XM will post 3.2 EPS for the current year.

Sirius XM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Wednesday, November 5th will be given a $0.27 dividend. The ex-dividend date is Wednesday, November 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.0%. Sirius XM’s dividend payout ratio is 38.16%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Unified Investment Management raised its position in shares of Sirius XM by 1.4% in the second quarter. Unified Investment Management now owns 30,407 shares of the company’s stock worth $698,000 after acquiring an additional 425 shares during the period. Applied Finance Capital Management LLC raised its position in shares of Sirius XM by 5.1% in the first quarter. Applied Finance Capital Management LLC now owns 9,779 shares of the company’s stock worth $220,000 after acquiring an additional 475 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after acquiring an additional 493 shares during the period. True Wealth Design LLC raised its position in shares of Sirius XM by 47.8% during the 2nd quarter. True Wealth Design LLC now owns 1,616 shares of the company’s stock worth $37,000 after purchasing an additional 523 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in shares of Sirius XM by 6.5% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 9,934 shares of the company’s stock worth $228,000 after purchasing an additional 605 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Company Profile

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.