Shares of Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) have earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $15.64.

A number of equities research analysts have recently issued reports on the company. BidaskClub lowered Sierra Wireless from a “sell” rating to a “strong sell” rating in a research note on Saturday. ValuEngine upgraded Sierra Wireless from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. National Bank Financial lowered their price objective on Sierra Wireless from $15.00 to $12.50 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. Zacks Investment Research lowered Sierra Wireless from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 16th. Finally, TD Securities lowered their price objective on Sierra Wireless from $14.50 to $13.00 and set a “hold” rating for the company in a research note on Thursday, August 1st.

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in shares of Sierra Wireless by 25.9% in the 2nd quarter. Royal Bank of Canada now owns 46,258 shares of the communications equipment provider’s stock worth $559,000 after acquiring an additional 9,521 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Sierra Wireless by 20.7% in the 2nd quarter. Morgan Stanley now owns 279,661 shares of the communications equipment provider’s stock worth $3,378,000 after acquiring an additional 47,961 shares in the last quarter. Invesco Ltd. acquired a new position in shares of Sierra Wireless in the 2nd quarter worth approximately $123,000. Vanguard Group Inc. boosted its holdings in shares of Sierra Wireless by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 865,583 shares of the communications equipment provider’s stock worth $10,456,000 after acquiring an additional 2,967 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Sierra Wireless by 363.8% in the 2nd quarter. US Bancorp DE now owns 4,643 shares of the communications equipment provider’s stock worth $56,000 after acquiring an additional 3,642 shares in the last quarter. Hedge funds and other institutional investors own 26.31% of the company’s stock.

Shares of NASDAQ SWIR traded up $0.27 during trading on Tuesday, reaching $10.87. 186,600 shares of the company traded hands, compared to its average volume of 191,549. The firm has a 50 day simple moving average of $11.83 and a 200-day simple moving average of $12.63. The company has a quick ratio of 1.24, a current ratio of 1.52 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $383.35 million, a PE ratio of 83.62 and a beta of 2.17. Sierra Wireless has a 52-week low of $10.35 and a 52-week high of $22.58.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last posted its earnings results on Wednesday, July 31st. The communications equipment provider reported ($0.02) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). The company had revenue of $191.37 million for the quarter, compared to analyst estimates of $191.95 million. Sierra Wireless had a positive return on equity of 0.02% and a negative net margin of 5.75%. The business’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share.

Sierra Wireless Company Profile

Sierra Wireless, Inc, together with its subsidiaries, manufactures and sells cellular wireless devices, and provide services in the wireless communications and information technology industry in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its Original Equipment Manufacturer (OEM) Solutions segment offers embedded cellular modules, short range wireless modules, global navigation satellite system modules, software, and tools to integrate wireless connectivity into various products and solutions for OEM customers, including the embedded wireless modules product portfolio; cloud-based remote device and data management solutions; and Legato, an open source Linux-based platform.

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Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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