Macquarie downgraded shares of Sierra Wireless (NASDAQ:SWIR) (TSE:SW) from a neutral rating to an underperform rating in a report published on Thursday morning, MarketBeat reports.

Several other equities analysts also recently weighed in on the company. ValuEngine upgraded Sierra Wireless from a sell rating to a hold rating in a report on Monday, February 4th. BidaskClub upgraded Sierra Wireless from a hold rating to a buy rating in a report on Tuesday, January 15th. Finally, Zacks Investment Research upgraded Sierra Wireless from a sell rating to a hold rating in a report on Thursday, January 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $17.45.

Shares of NASDAQ:SWIR opened at $12.50 on Thursday. Sierra Wireless has a 1-year low of $10.80 and a 1-year high of $22.58. The company has a quick ratio of 1.41, a current ratio of 1.69 and a debt-to-equity ratio of 0.09. The firm has a market cap of $450.84 million, a PE ratio of 62.00, a P/E/G ratio of 1.40 and a beta of 2.39.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last issued its quarterly earnings results on Wednesday, February 13th. The communications equipment provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Sierra Wireless had a negative net margin of 3.10% and a positive return on equity of 1.94%. The company had revenue of $201.40 million for the quarter, compared to the consensus estimate of $204.94 million. During the same quarter in the previous year, the business earned $0.28 earnings per share. Sierra Wireless’s revenue was up 9.8% compared to the same quarter last year. On average, sell-side analysts predict that Sierra Wireless will post 0.92 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. WealthTrust Axiom LLC increased its holdings in Sierra Wireless by 6.9% in the 4th quarter. WealthTrust Axiom LLC now owns 15,500 shares of the communications equipment provider’s stock worth $208,000 after buying an additional 1,000 shares in the last quarter. TD Asset Management Inc. increased its holdings in Sierra Wireless by 1.3% in the 4th quarter. TD Asset Management Inc. now owns 118,800 shares of the communications equipment provider’s stock worth $1,594,000 after buying an additional 1,500 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Sierra Wireless by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 146,329 shares of the communications equipment provider’s stock worth $1,965,000 after buying an additional 2,165 shares in the last quarter. Engineers Gate Manager LP increased its holdings in Sierra Wireless by 13.2% in the 3rd quarter. Engineers Gate Manager LP now owns 36,876 shares of the communications equipment provider’s stock worth $741,000 after buying an additional 4,288 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Sierra Wireless by 5.5% in the 4th quarter. Bank of Montreal Can now owns 83,109 shares of the communications equipment provider’s stock worth $1,118,000 after buying an additional 4,369 shares in the last quarter. Institutional investors own 28.51% of the company’s stock.

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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