Sierra Wireless (NASDAQ:SWIR) (TSE:SW) had its price target lowered by Canaccord Genuity from $30.00 to $28.00 in a report issued on Friday. The firm currently has a buy rating on the communications equipment provider’s stock.

Several other equities analysts also recently weighed in on the company. Scotiabank raised their target price on Sierra Wireless from $23.00 to $31.00 and gave the company a sector perform rating in a research report on Friday, November 3rd. TD Securities decreased their target price on Sierra Wireless from $30.00 to $28.00 and set a hold rating on the stock in a research report on Friday, November 3rd. Northland Securities restated a hold rating and issued a $26.00 target price on shares of Sierra Wireless in a research report on Friday, November 3rd. BMO Capital Markets restated a hold rating and issued a $26.00 target price on shares of Sierra Wireless in a research report on Monday, November 6th. Finally, Raymond James Financial upgraded Sierra Wireless from a market perform rating to an outperform rating and set a $30.00 target price on the stock in a research report on Monday, November 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Sierra Wireless currently has a consensus rating of Hold and an average price target of $25.45.

Sierra Wireless (SWIR) opened at $15.75 on Friday. The stock has a market capitalization of $507.46, a P/E ratio of 121.15 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 1 year low of $15.10 and a 1 year high of $31.95.

Large investors have recently bought and sold shares of the stock. Legal & General Group Plc increased its holdings in shares of Sierra Wireless by 5.1% in the second 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 during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Sierra Wireless in the second quarter valued at approximately $136,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Sierra Wireless in the fourth quarter valued at approximately $162,000. Shell Asset Management Co. increased its holdings in shares of Sierra Wireless by 149.0% in the third 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 during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Sierra Wireless by 9.3% in the second 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 during the last quarter. 21.36% of the stock is owned by hedge funds and other institutional investors.

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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)

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