Shares of Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) have been given an average rating of “Hold” by the fifteen analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $23.11.

Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Sierra Wireless from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. Roth Capital set a $23.00 price objective on shares of Sierra Wireless and gave the company a “buy” rating in a report on Friday, August 3rd. ValuEngine upgraded shares of Sierra Wireless from a “strong sell” rating to a “sell” rating in a report on Friday, August 3rd. Canaccord Genuity restated a “buy” rating on shares of Sierra Wireless in a report on Friday, August 3rd. Finally, CIBC upgraded shares of Sierra Wireless from a “sector underperform” rating to a “neutral” rating in a report on Friday, August 3rd.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in Sierra Wireless by 80.2% in the second quarter. Bank of New York Mellon Corp now owns 2,437,397 shares of the communications equipment provider’s stock worth $38,998,000 after purchasing an additional 1,084,575 shares during the period. PenderFund Capital Management Ltd. raised its holdings in Sierra Wireless by 27.9% in the second quarter. PenderFund Capital Management Ltd. now owns 709,440 shares of the communications equipment provider’s stock worth $15,899,000 after purchasing an additional 154,700 shares during the period. Heathbridge Capital Management Ltd. raised its holdings in Sierra Wireless by 0.6% in the second quarter. Heathbridge Capital Management Ltd. now owns 663,000 shares of the communications equipment provider’s stock worth $10,608,000 after purchasing an additional 4,000 shares during the period. Trigran Investments Inc. raised its holdings in Sierra Wireless by 883.5% in the second quarter. Trigran Investments Inc. now owns 548,554 shares of the communications equipment provider’s stock worth $8,777,000 after purchasing an additional 492,779 shares during the period. Finally, Millennium Management LLC raised its holdings in Sierra Wireless by 1,613.3% in the second quarter. Millennium Management LLC now owns 437,575 shares of the communications equipment provider’s stock worth $7,001,000 after purchasing an additional 412,035 shares during the period. Institutional investors own 24.50% of the company’s stock.

NASDAQ SWIR traded down $0.10 during trading hours on Tuesday, hitting $18.90. The company’s stock had a trading volume of 2,038 shares, compared to its average volume of 357,546. Sierra Wireless has a twelve month low of $15.10 and a twelve month high of $23.50. The firm has a market capitalization of $696.63 million, a P/E ratio of 32.76, a P/E/G ratio of 2.40 and a beta of 2.89. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.61 and a quick ratio of 1.33.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last announced its quarterly earnings data on Thursday, August 2nd. The communications equipment provider reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.06. Sierra Wireless had a negative net margin of 2.96% and a positive return on equity of 1.73%. The business had revenue of $201.90 million for the quarter, compared to analyst estimates of $199.17 million. During the same period in the prior year, the business posted $0.30 earnings per share. Sierra Wireless’s revenue was up 16.4% compared to the same quarter last year. sell-side analysts expect that Sierra Wireless will post 0.67 EPS for the current fiscal year.

About Sierra Wireless

Sierra Wireless, Inc, together with its subsidiaries, engages in building the Internet of Things (IoT) with intelligent wireless solutions in North America, Europe, and the Asia Pacific. It operates in three segments: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services.

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Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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