Royal Bank of Canada reissued their neutral rating on shares of Sierra Wireless (NASDAQ:SWIR) (TSE:SW) in a research note issued to investors on Monday morning, AnalystRatings.com reports.

A number of other equities research analysts have also commented on the company. BidaskClub raised Sierra Wireless from a hold rating to a buy rating in a research report on Wednesday, July 29th. TD Securities raised their price target on Sierra Wireless from $7.50 to $8.50 and gave the stock a hold rating in a research report on Wednesday, May 6th. Zacks Investment Research raised Sierra Wireless from a sell rating to a hold rating in a research report on Thursday, July 9th. National Bank Financial raised their price target on Sierra Wireless from $11.00 to $12.50 and gave the stock a sector perform rating in a research report on Monday, July 27th. Finally, Scotiabank raised their price target on Sierra Wireless from $7.50 to $10.00 and gave the stock a sector perform rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $12.13.

NASDAQ:SWIR opened at $13.19 on Monday. Sierra Wireless has a 1-year low of $4.31 and a 1-year high of $14.37. The business’s 50-day moving average price is $10.38 and its two-hundred day moving average price is $8.75. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $473.28 million, a price-to-earnings ratio of -6.91 and a beta of 2.43.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last released its earnings results on Thursday, August 6th. The communications equipment provider reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.14. Sierra Wireless had a negative return on equity of 11.20% and a negative net margin of 10.68%. Sell-side analysts predict that Sierra Wireless will post -1.31 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Advisor Group Holdings Inc. bought a new position in Sierra Wireless in the first quarter valued at approximately $49,000. Bank of Montreal Can boosted its stake in shares of Sierra Wireless by 1,054.7% during the 2nd quarter. Bank of Montreal Can now owns 8,660 shares of the communications equipment provider’s stock worth $76,000 after acquiring an additional 7,910 shares during the period. Asset Management Corp IL ADV bought a new position in shares of Sierra Wireless during the 2nd quarter worth approximately $90,000. Cubist Systematic Strategies LLC bought a new position in shares of Sierra Wireless during the 4th quarter worth approximately $118,000. Finally, GSA Capital Partners LLP bought a new position in shares of Sierra Wireless during the 1st quarter worth approximately $91,000. Hedge funds and other institutional investors own 43.41% of the company’s stock.

About Sierra Wireless

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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