BMO Capital Markets reiterated their hold rating on shares of Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) in a research note issued to investors on Monday morning. They currently have a $26.00 target price on the communications equipment provider’s stock.

A number of other research firms have also recently issued reports on SWIR. Scotiabank cut shares of Sierra Wireless from a sector perform rating to an underperform rating and lifted their target price for the company from $22.00 to $23.00 in a research note on Thursday, August 3rd. BidaskClub cut shares of Sierra Wireless from a hold rating to a sell rating in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of Sierra Wireless from a hold rating to a sell rating in a research note on Thursday, August 10th. Macquarie upgraded shares of Sierra Wireless from an underperform rating to a neutral rating and lifted their target price for the company from $12.30 to $23.00 in a research note on Friday, August 4th. Finally, TheStreet upgraded shares of Sierra Wireless from a c+ rating to a b rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $26.95.

Sierra Wireless (NASDAQ SWIR) traded down $0.75 during midday trading on Monday, reaching $19.60. 815,605 shares of the company’s stock were exchanged, compared to its average volume of 320,581. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.92 and a quick ratio of 1.54. The firm has a market capitalization of $636.38, a PE ratio of 20.28 and a beta of 3.21. Sierra Wireless has a 1 year low of $14.35 and a 1 year high of $31.95.

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Several large investors have recently added to or reduced their stakes in SWIR. Legal & General Group Plc raised its position in shares of Sierra Wireless by 85.7% in the first quarter. Legal & General Group Plc now owns 3,900 shares of the communications equipment provider’s stock valued at $103,000 after purchasing an additional 1,800 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Sierra Wireless in the second quarter valued at approximately $136,000. Creative Planning raised its position in shares of Sierra Wireless by 13.0% in the second quarter. Creative Planning now owns 6,880 shares of the communications equipment provider’s stock valued at $193,000 after purchasing an additional 790 shares during the period. HighTower Advisors LLC bought a new position in shares of Sierra Wireless in the first quarter valued at approximately $200,000. Finally, Shell Asset Management Co. raised its position in shares of Sierra Wireless by 149.0% in the third quarter. Shell Asset Management Co. now owns 7,307 shares of the communications equipment provider’s stock valued at $219,000 after purchasing an additional 4,373 shares during the period. 24.91% of the stock is currently owned by institutional investors.

Sierra Wireless Company Profile

Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.

Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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