Sierra Wireless (SWIR) Price Target Cut to $28.00
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.
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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.
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