Shares of Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) have been assigned an average rating of “Hold” from the thirteen brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $23.22.
Several research firms have recently weighed in on SWIR. Zacks Investment Research lowered Sierra Wireless from a “hold” rating to a “sell” rating in a research note on Friday, November 23rd. BidaskClub upgraded Sierra Wireless from a “hold” rating to a “buy” rating in a research note on Thursday, November 15th. ValuEngine lowered Sierra Wireless from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th. CIBC lowered Sierra Wireless from a “neutral” rating to a “sell” rating and set a $19.00 price objective on the stock. in a research note on Friday, November 9th. Finally, Canaccord Genuity upped their price objective on Sierra Wireless from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, November 9th.
SWIR stock opened at $16.01 on Thursday. Sierra Wireless has a 1-year low of $15.10 and a 1-year high of $22.58. The company has a market capitalization of $578.93 million, a PE ratio of 27.60, a P/E/G ratio of 2.17 and a beta of 2.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.41 and a current ratio of 1.69.
Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last released its quarterly earnings data on Thursday, November 8th. The communications equipment provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.03. Sierra Wireless had a positive return on equity of 2.66% and a negative net margin of 3.13%. The company had revenue of $203.40 million for the quarter, compared to analyst estimates of $202.20 million. During the same period in the prior year, the company posted $0.23 EPS. The company’s revenue was up 17.8% compared to the same quarter last year. Analysts forecast that Sierra Wireless will post 0.63 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brand Asset Management Group Inc. bought a new stake in Sierra Wireless during the 2nd quarter worth approximately $165,000. People s United Financial Inc. bought a new stake in Sierra Wireless during the 2nd quarter worth approximately $179,000. Insight 2811 Inc. bought a new stake in Sierra Wireless during the 3rd quarter worth approximately $202,000. Tower Research Capital LLC TRC grew its position in Sierra Wireless by 436.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,799 shares of the communications equipment provider’s stock worth $205,000 after acquiring an additional 10,413 shares during the last quarter. Finally, Brandes Investment Partners LP bought a new stake in Sierra Wireless during the 2nd quarter worth approximately $284,000. Institutional investors and hedge funds own 28.64% of the company’s stock.
About Sierra Wireless
Sierra Wireless, Inc, together with its subsidiaries, engages in building the Internet of Things (IoT) with intelligent wireless solutions in North America, Europe, and the Asia Pacific. It operates in three segments: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services.
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