Sierra Wireless (NASDAQ:SWIR) (TSE:SW) had its price target raised by Canaccord Genuity from $28.00 to $32.00 in a research note issued to investors on Friday, The Fly reports. The brokerage currently has a buy rating on the communications equipment provider’s stock.

SWIR has been the subject of several other research reports. CIBC downgraded shares of Sierra Wireless from a neutral rating to a sell rating and set a $19.00 price objective for the company. in a report on Friday. BidaskClub raised shares of Sierra Wireless from a sell rating to a hold rating in a report on Thursday, July 19th. First Analysis downgraded shares of Sierra Wireless from a strong-buy rating to an outperform rating and dropped their price objective for the company from $31.00 to $25.00 in a report on Friday. ValuEngine downgraded shares of Sierra Wireless from a hold rating to a sell rating in a report on Tuesday, October 2nd. Finally, National Bank Financial dropped their price objective on shares of Sierra Wireless from $22.00 to $20.00 and set a $16.55 rating for the company in a report on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Sierra Wireless presently has an average rating of Hold and a consensus price target of $23.22.

Sierra Wireless stock traded down $3.70 during mid-day trading on Friday, hitting $16.02. The stock had a trading volume of 2,113,686 shares, compared to its average volume of 206,504. The company has a market capitalization of $712.31 million, a P/E ratio of 27.62, a P/E/G ratio of 2.46 and a beta of 2.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.33 and a current ratio of 1.61. Sierra Wireless has a one year low of $15.10 and a one year high of $23.45.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last released its quarterly earnings data on Thursday, November 8th. The communications equipment provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. Sierra Wireless had a negative net margin of 2.96% and a positive return on equity of 1.73%. The business had revenue of $203.40 million during the quarter, compared to the consensus estimate of $202.20 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The business’s revenue was up 17.8% on a year-over-year basis. Analysts forecast that Sierra Wireless will post 0.67 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Trigran Investments Inc. lifted its holdings in shares of Sierra Wireless by 883.5% in the 2nd quarter. Trigran Investments Inc. now owns 548,554 shares of the communications equipment provider’s stock valued at $8,777,000 after acquiring an additional 492,779 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Sierra Wireless by 13.8% in the 2nd quarter. Swiss National Bank now owns 66,800 shares of the communications equipment provider’s stock valued at $1,065,000 after acquiring an additional 8,100 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Sierra Wireless by 55.2% in the 2nd quarter. Toronto Dominion Bank now owns 24,797 shares of the communications equipment provider’s stock valued at $412,000 after acquiring an additional 8,815 shares during the last quarter. People s United Financial Inc. bought a new position in shares of Sierra Wireless in the 2nd quarter valued at about $179,000. Finally, Brand Asset Management Group Inc. bought a new position in shares of Sierra Wireless in the 2nd quarter valued at about $165,000. 25.59% of the stock is owned by hedge funds and other institutional investors.

Sierra Wireless Company Profile

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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Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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