Wunderlich hoisted their price target on shares of Sirius XM Radio (NASDAQ:SIRI) from $3.00 to $3.50 in a research note issued on Tuesday, StockRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Wunderlich’s target price indicates a potential downside of 4.89% from the stock’s previous close.
Shares of Sirius XM Radio (NASDAQ: SIRI) opened at 3.68 on Tuesday. Sirius XM Radio has a 52 week low of $2.03 and a 52 week high of $3.77. The stock’s 50-day moving average is currently $3.44. The company has a market cap of $23.486 billion and a P/E ratio of 7.48.
Sirius XM Radio (NASDAQ:SIRI) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.01. The company had revenue of $897.00 million for the quarter, compared to the consensus estimate of $909.85 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. On average, analysts predict that Sirius XM Radio will post $0.09 earnings per share for the current fiscal year.
A number of other firms have also recently commented on SIRI. Analysts at Maxim Group raised their price target on shares of Sirius XM Radio from $4.20 to $4.60 in a research note to investors on Thursday, July 18th. They now have a “buy” rating on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Sirius XM Radio from a “hold” rating to a “buy” rating in a research note to investors on Monday, July 15th. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Sirius XM Radio in a research note to investors on Thursday, July 11th.
One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. Sirius XM Radio currently has a consensus rating of “Buy” and an average target price of $4.16.
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.
