Sierra Wireless Inc. (SWIR) Now Covered by Analysts at National Bank Financial
A number of other research analysts have also recently weighed in on SWIR. Canaccord Genuity reaffirmed a buy rating and issued a $17.00 price objective on shares of Sierra Wireless in a report on Monday, September 12th. Zacks Investment Research cut shares of Sierra Wireless from a hold rating to a sell rating in a report on Thursday, August 11th. Finally, CIBC cut shares of Sierra Wireless from a sector perform rating to a sector underperform rating and set a $13.00 target price for the company. in a research note on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Sierra Wireless currently has a consensus rating of Hold and an average price target of $17.30.
Sierra Wireless (NASDAQ:SWIR) traded up 0.79% during midday trading on Tuesday, hitting $14.04. The stock had a trading volume of 38,750 shares. The firm has a market capitalization of $444.77 million, a P/E ratio of 108.84 and a beta of 1.61. The firm has a 50-day moving average of $14.26 and a 200 day moving average of $16.16. Sierra Wireless has a 52-week low of $9.69 and a 52-week high of $25.94.
Sierra Wireless (NASDAQ:SWIR) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. Sierra Wireless had a net margin of 0.73% and a return on equity of 2.96%. The company earned $156.23 million during the quarter, compared to analysts’ expectations of $154.55 million. During the same quarter in the previous year, the company earned $0.26 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts forecast that Sierra Wireless will post $0.52 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Heathbridge Capital Management Ltd. purchased a new position in Sierra Wireless during the second quarter valued at $8,787,000. Brighton Jones LLC raised its position in Sierra Wireless by 774.4% in the second quarter. Brighton Jones LLC now owns 350,940 shares of the company’s stock valued at $5,952,000 after buying an additional 310,804 shares during the last quarter. Bank of New York Mellon Corp raised its position in Sierra Wireless by 8.6% in the second quarter. Bank of New York Mellon Corp now owns 1,573,508 shares of the company’s stock valued at $26,687,000 after buying an additional 124,202 shares during the last quarter. Harvest Capital Strategies LLC purchased a new position in Sierra Wireless during the first quarter valued at $1,454,000. Finally, Vanguard Group Inc. raised its position in Sierra Wireless by 16.3% in the second quarter. Vanguard Group Inc. now owns 535,516 shares of the company’s stock valued at $9,082,000 after buying an additional 75,056 shares during the last quarter. Institutional investors own 19.81% of the company’s stock.
About Sierra Wireless
Sierra Wireless, Inc offers second generation (2G), third generation (3G) and fourth generation (4G) cellular embedded wireless modules and gateways. The Company offers products to original equipment manufacturers (OEMs) and enterprises. It operates through three segments: OEM Solutions, Enterprise Solutions, and Cloud and Connectivity Services.
Receive News & Stock Ratings for Sierra Wireless Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Wireless Inc. and related stocks with our FREE daily email newsletter.