Deutsche Bank Maintains a Hold Rating on Sirius XM Radio

By George MacDonald

In a report issued on July 28, Bryan Kraft from Deutsche Bank maintained a Hold rating on Sirius XM Radio (NASDAQ: SIRI), with a price target of $4.25. The company’s shares closed last Friday at $4.39, close to its 52-week high of $4.44.

According to TipRanks.com, Kraft is a 5-star analyst with an average return of 15.0% and a 71.4% success rate. Kraft covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Charter Communications, and Liberty Broadband Corp.

Currently, the analyst consensus on Sirius XM Radio is Moderate Buy and the average price target is $4.77, representing an 8.7% upside.

In a report issued on July 26, Pacific Crest also reiterated a Hold rating on the stock.

Based on Sirius XM Radio`s latest earnings report from March 31, the company posted quarterly revenue of $1.2B and quarterly net profit of $171.3M. In comparison, last year the company earned revenue of $1.12B and had a net profit of $102.8M.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2015, COOK STEPHEN, a the EVP, Sales and Automotive of SIRI sold 500,000 shares for a total of $2,075,000.

Sirius XM Holdings, Inc provides satellite radio broadcasting services. It 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. The company was founded in 1990 and is headquartered in New York, NY.