Sierra Wireless (SW) Rating Increased to Outperform at Raymond James Financial

Sierra Wireless (TSE:SW) (NASDAQ:SWIR) was upgraded by stock analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a report issued on Monday, November 27th, reports. The brokerage currently has a C$38.00 price objective on the stock. Raymond James Financial’s price objective points to a potential upside of 37.48% from the stock’s current price.

Separately, TD Securities reduced their target price on Sierra Wireless to C$36.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of C$31.60.

Sierra Wireless (TSE SW) opened at C$27.64 on Monday. Sierra Wireless has a one year low of C$20.89 and a one year high of C$43.16.

In other news, Director Kent Paul Thexton acquired 2,000 shares of Sierra Wireless stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average cost of C$24.55 per share, for a total transaction of C$49,100.00. Also, insider Bill Gary Dodson sold 1,569 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of C$26.40, for a total value of C$41,421.60. Over the last quarter, insiders have sold 13,250 shares of company stock valued at $272,917.

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Sierra Wireless Company Profile

Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.

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