Sirius XM Holdings (SIRI) is Reiterated by Wunderlich to Buy, Raises Price Target to $ 5

Sirius XM Holdings (SIRI) was Reiterated by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 5 from a previous price target of $4.60 . Wunderlich advised their investors in a research report released on Apr 29, 2016.

Many Wall Street Analysts have commented on Sirius XM Holdings. Shares were Reiterated by RBC Capital Mkts on Feb 3, 2016 to “Sector Perform” and Lowered the Price Target to $ 4.25 from a previous price target of $4.50 .

On the company’s financial health, Sirius XM Holdings reported $0.03 EPS for the quarter, based on the information available during the earnings call on Feb 2, 2016. Analyst had a consensus estimate of $0.03. The company had revenue of $1196.00 million for the quarter, compared to analysts expectations of $1191.10 million. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Sirius XM Holdings opened for trading at $3.98 and hit $4.01 on the upside on Wednesday, eventually ending the session at $3.98, with a gain of 0.25% or 0.01 points. The heightened volatility saw the trading volume jump to 3,03,12,713 shares. Company has a market cap of $20,282 M.

In a different news, on Mar 2, 2016, Joan Lordi Amble (director) sold 97,606 shares at $3.76 per share price. According to the SEC, on Nov 12, 2015, Stephen Cook (EVP, Sales and Automotive) sold 222,211 shares at $4.15 per share price. On Oct 27, 2015, Thomas D Barry (Senior VP & Controller) sold 127,318 shares at $4.08 per share price, according to the Form-4 filing with the securities and exchange commission.

Sirius XM Holdings

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