Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) was upgraded by analysts at Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday. The brokerage presently has a C$38.00 price target on the stock. Raymond James Financial, Inc.’s price target would suggest a potential upside of 42.96% from the company’s previous close.

Separately, TD Securities cut their target price on shares of Sierra Wireless to C$36.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of C$31.60.

Shares of Sierra Wireless (TSE:SW) traded up C$0.02 during trading hours on Monday, reaching C$26.58. 130,096 shares of the company traded hands, compared to its average volume of 104,482. Sierra Wireless has a one year low of C$19.65 and a one year high of C$43.16.

In other Sierra Wireless news, Director Jason W. Cohenour sold 5,649 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of C$19.03, for a total transaction of C$107,500.47. Also, Director Kent Paul Thexton acquired 2,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average cost of C$24.55 per share, with a total value of C$49,100.00. Over the last 90 days, insiders have sold 13,250 shares of company stock valued at $272,917.

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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 (TSE:SW)

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