Sierra Wireless (NASDAQ:SWIR) Price Target Cut to $25.00

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) had its target price lowered by Royal Bank of Canada from $27.00 to $25.00 in a research note published on Wednesday, February 7th. Royal Bank of Canada currently has a sector perform rating on the communications equipment provider’s stock.

Several other equities analysts have also commented on the stock. BidaskClub lowered shares of Sierra Wireless from a sell rating to a strong sell rating in a research report on Thursday, January 11th. Zacks Investment Research lowered shares of Sierra Wireless from a hold rating to a sell rating in a research report on Friday, January 5th. Raymond James Financial raised shares of Sierra Wireless from a market perform rating to an outperform rating and set a $30.00 price target for the company in a research report on Monday, November 27th. BMO Capital Markets reissued a hold rating and set a $26.00 price target on shares of Sierra Wireless in a research report on Monday, November 6th. Finally, Northland Securities reissued a hold rating and set a $26.00 price target on shares of Sierra Wireless in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $25.45.

Shares of Sierra Wireless (NASDAQ:SWIR) remained flat at $$16.25 during trading on Wednesday. 453,800 shares of the company traded hands, compared to its average volume of 415,331. The stock has a market capitalization of $523.57, a PE ratio of 125.00 and a beta of 2.71. The company has a current ratio of 1.92, a quick ratio of 1.54 and a debt-to-equity ratio of 0.09. Sierra Wireless has a 52 week low of $15.10 and a 52 week high of $31.95.

Several large investors have recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in shares of Sierra Wireless by 5.1% during the 2nd quarter. Legal & General Group Plc now owns 4,098 shares of the communications equipment provider’s stock valued at $115,000 after purchasing an additional 198 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Sierra Wireless by 9.3% during the 2nd quarter. HighTower Advisors LLC now owns 8,230 shares of the communications equipment provider’s stock valued at $230,000 after purchasing an additional 700 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Sierra Wireless by 17.6% during the 4th quarter. Wells Fargo & Company MN now owns 27,844 shares of the communications equipment provider’s stock valued at $569,000 after purchasing an additional 4,160 shares in the last quarter. Shell Asset Management Co. increased its holdings in shares of Sierra Wireless by 149.0% during the 3rd quarter. Shell Asset Management Co. now owns 7,307 shares of the communications equipment provider’s stock valued at $219,000 after purchasing an additional 4,373 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Sierra Wireless by 9.6% during the 2nd quarter. Royal Bank of Canada now owns 50,802 shares of the communications equipment provider’s stock valued at $1,428,000 after purchasing an additional 4,464 shares in the last quarter. 21.76% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Sierra Wireless (NASDAQ:SWIR) Price Target Cut to $25.00” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/14/sierra-wireless-swir-price-target-lowered-to-25-00-at-royal-bank-of-canada.html.

About Sierra Wireless

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.

Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

Receive News & Ratings for Sierra Wireless Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Wireless and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply