How JP Morgan Currently Rates Sirius XM Radio (SIRI)
Research analysts at JP Morgan have initiated coverage Sirius XM Radio (SIRI) shares in an interesting research report released on Monday morning, IR.net reports. The firm has set a Neutral rating on SIRI stock.
From a total of 15 analysts covering Sirius XM Radio (SIRI) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 71% of the ratings are positive. The highest target price is $5.25 while the lowest target price is $4.25. The mean of all analyst targets is $4.7 with a 212.75% above today’s ($1.49) stock price. Sirius XM Radio was the topic of 6 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on October 26 with “Sector Perform” rating. Wunderlich upgraded shares to “Hold” rating and $4.6 target share price in a report from a July 29. Gabelli initiated SIRI stock in a recent report from September 18 with “Buy” rating. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on an August 3.
The stock decreased 1.32% or $0.02 on December 14, striking $1.49. Approximately 41.11M shares of stock traded hands or Infinity% up from the average. Sansiri Public Company Limited (SIRI) has risen 4.70% since May 11, 2015 and is uptrending. It has outperformed by 9.12% the S&P500.
The overall sentiment of institutions has increased to 0.82 in Q2 2015. Its up 0.01, from 0.81 in 2015Q2. The ratio is positive, as 35 institutions have sold all the shares of Sansiri Public Company Limited that they owned while 154 funds have taken shares off the table. 45 funds have purchased shares for the first time while 110 added to their positions. These institutions now hold 1.08 billion shares or 11.16% less than the 1.22 billion shares they owned in 2015Q2.
The Fund Sarbit Advisory Services Inc. currently is holding shares equating to 18.2% of its total portfolio in Sansiri Public Company Limited representing a total of 31.57 million shares. Another fund,Madison Street Partners Llc, is holding a total of 685,418 shares equating to 9.71% of their holdings. Additionally, Brahman Capital Corp. has a 95.21 million share stake in Sansiri Public Company Limited which represents 7.03% of their total portfolio. The Fund, Highline Capital Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 4.83% of their total portfolio. Finally Long Oar Global Investors Llc, a fund which is based in the state of New York reported a total holdings of 200,000 shares.
Sansiri Public Company Limited is a Thailand real estate developer. The company has a market cap of $21.29 billion. The Firm and its subsidiaries operate three principal business divisions based on its services and products, which are property development business segment, building management and real estate brokerage business segment, as well as other business segment. It has 5.06 P/E ratio. The property development segment involves the development of land and housing projects, residential condominium projects, serviced apartments for rent, and office buildings for rent.
According to Zacks Investment Research, “Sirius XM Holdings Inc. is a radio broadcasting company. It creates and broadcasts commercial-free music; premier sports and live events; news and comedy; exclusive talk and entertainment; and the most comprehensive lineup of Latin commercial-free music, sports, and talk programming in radio. SiriusXM content is available via satellite and through the SiriusXM Internet Radio app for smartphones and other connected devices, as well as online at siriusxm.com. Sirius XM Holdings Inc., formerly known as Sirius XM Radio Inc., is headquartered in New York.”