Sierra Wireless, Inc. (NASDAQ:SWIR) Receives $15.64 Average PT from Brokerages

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Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) has been given a consensus rating of “Hold” by the eleven ratings firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $15.64.

A number of equities analysts have recently commented on the stock. TD Securities reduced their price objective on shares of Sierra Wireless from $14.50 to $13.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of Sierra Wireless from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 16th. ValuEngine upgraded shares of Sierra Wireless from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. BidaskClub downgraded shares of Sierra Wireless from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Raymond James restated an “outperform” rating and set a $20.00 price objective on shares of Sierra Wireless in a research note on Thursday, August 1st.

SWIR stock traded up $0.27 during trading hours on Tuesday, reaching $10.87. 186,600 shares of the stock were exchanged, compared to its average volume of 191,549. The firm’s 50-day moving average is $11.83 and its 200-day moving average is $12.63. The company has a market cap of $383.35 million, a price-to-earnings ratio of 83.62 and a beta of 2.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.52 and a quick ratio of 1.24. Sierra Wireless has a 12 month low of $10.35 and a 12 month high of $22.58.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last released its earnings results on Wednesday, July 31st. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.02). The firm had revenue of $191.37 million during the quarter, compared to analysts’ expectations of $191.95 million. Sierra Wireless had a positive return on equity of 0.02% and a negative net margin of 5.75%. The company’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS.

Institutional investors have recently bought and sold shares of the company. Mascoma Wealth Management LLC raised its stake in Sierra Wireless by 77.3% during the 1st quarter. Mascoma Wealth Management LLC now owns 2,660 shares of the communications equipment provider’s stock worth $33,000 after buying an additional 1,160 shares during the period. CIBC Asset Management Inc increased its stake in Sierra Wireless by 7.0% during the second quarter. CIBC Asset Management Inc now owns 21,073 shares of the communications equipment provider’s stock worth $255,000 after purchasing an additional 1,383 shares during the period. WealthTrust Axiom LLC increased its stake in Sierra Wireless by 9.7% during the first quarter. WealthTrust Axiom LLC now owns 17,000 shares of the communications equipment provider’s stock worth $210,000 after purchasing an additional 1,500 shares during the period. Dimensional Fund Advisors LP increased its stake in Sierra Wireless by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 146,329 shares of the communications equipment provider’s stock worth $1,965,000 after purchasing an additional 2,165 shares during the period. Finally, Vanguard Group Inc. increased its stake in Sierra Wireless by 0.3% during the second quarter. Vanguard Group Inc. now owns 865,583 shares of the communications equipment provider’s stock worth $10,456,000 after purchasing an additional 2,967 shares during the period. Institutional investors own 26.31% of the company’s stock.

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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