Analysts Poring Over the Numbers on Sirius XM Holdings Inc. (NASDAQ:SIRI)

Sirius XM Holdings Inc. (NASDAQ:SIRI) currently has an Average Broker Rating of 1.8. This number is based on the 10 sell-side firms polled by Zacks. The ABR rank within the industry stands at 17.

Analysts often use a number of terms—buy, strong buy, near-term or long-term accumulate, near-term or long-term over-perform or under-perform, neutral, hold— to describe their recommendations. But the definitions of these terms can differ from company to company. Instead of making assumptions, investors should read the definitions of all ratings used in each analyst report. They should also consider the company’s disclosures regarding what percentage of all ratings fall into either “buy,” “hold/neutral,” and “sell” groups.

Analysts on a consensus basis are expecting that the stock will reach $7.21 within the year. The ABR is provided by Zacks which simplfies analyst ratings into an integer based number. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating.
Research analysts study publicly traded companies and make recommendations on the securities of those companies. Most specialize in a particular industry or sector of the economy. They exert considerable influence in today’s marketplace. Analysts’ recommendations or reports can influence the price of a company’s stock—especially when the recommendations are widely disseminated through television appearances or through other electronic and print media. The mere mention of a company by a popular analyst can temporarily cause its stock to rise or fall—even when nothing about the company’s prospects or fundamentals has recently changed.Investors are constantly trying to set themselves up for success when dealing with the stock market. This may mean tracking the market from a variety of alternate angles. Keeping tabs on the overall economic climate can help provide valuable insight. Taking a look at the bigger picture can help investors filter down and sort out issues at the sector and individual company level. Making sense of the seemingly endless amount of data can be quite a challenge for the investor. Once investors become familiar with the data, they can start to devise a plan to help use the information to their advantage. Even though thousands of investors will have access to the same set of data, learning how to trade the data can be extremely important. 

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Sirius XM Holdings Inc. (NASDAQ:SIRI) closed the last session at $5.63 and sees an average of 30347124 shares trade hands in each session. The 52-week low of the stock stands at $5.51 while the current level stands at 5.63% of the 52-week High-Low range. Looking further out we can see that the stock has moved -6.17% over the past 12 weeks and -1.4% year to date.

Research analysts are predicting that Sirius XM Holdings Inc. (NASDAQ:SIRI) will report earnings of $0.05 per share when the firm issues their next quarterly report. This is the consensus earnings per share number according to data from Zack’s Research.

Most recently Sirius XM Holdings Inc. (NASDAQ:SIRI) posted quarterly earnings of $0.03 which compared to the sell-side estimates of 0.05. The stock’s 12-month trailing earnings per share stands at $0.22. Shares have moved $-5.54 over the past month and more recently, $-1.57 over the past week heading into the earnings announcement. There are 5 analyst projections that were taken into consideration from respected brokerage firms.

7 analysts rate Sirius XM Holdings Inc. a Buy or Strong Buy, which is 70% of all the analyst ratings.

Investors are always striving to make wiser decisions when it comes to handling the markets. There are so many options available, and that can make things more complex. Beginning with a solid approach can help ease the investor’s initial foray into the stock market. Accumulating market knowledge may take a lot of time and effort. Many investors may find out the hard way that there is no easy way to beat the markets. Many investors are teased with investment tips from friends or colleagues. It can be very tempting to take advice from someone who has a track record of beating the market. However, the old saying remains the same; past results may not indicate future results. Investors may find that doing their own research can provide a huge boost to portfolio performance.

This article is informational purposes only and should not be considered a recommendation to buy or sell the stock.