Macquarie Sticks to Their Buy Rating for Sirius XM Holdings Inc (SIRI)

Macquarie analyst Amy Yong maintained a Buy rating on Sirius XM Holdings Inc (SIRIResearch Report) on April 10 and set a price target of $6.75. The company’s shares closed on Friday at $6.10.

According to TipRanks.com, Yong is a 4-star analyst with an average return of 6.3% and a 57.6% success rate. Yong covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Liberty Global PLC LiLAC Class A, and Live Nation Entertainment.

Currently, the analyst consensus on Sirius XM Holdings Inc is a Moderate Buy with an average price target of $7.

See today’s analyst top recommended stocks >>

Based on Sirius XM Holdings Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $251 million. In comparison, last year the company had a net profit of $289 million.

Based on the recent corporate insider activity of 163 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sirius XM Holdings, Inc. is a radio company. The company offers music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services. Its brand channels include SiriusXM Traffic, SiriusXM Travel Link, NavTraffic, NavWeather, SiriusXM Aviation and SiriusXM Marine.

Leave a Reply

Your email address will not be published. Required fields are marked *