Sierra Wireless Inc. (NASDAQ:SWIR) has received an average recommendation of “Hold” from the eleven analysts that are covering the stock. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $16.38.
Several equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Sierra Wireless from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. National Bank Financial assumed coverage on shares of Sierra Wireless in a research report on Tuesday, September 27th. They issued a “sector perform” rating and a $16.00 price objective on the stock. CIBC cut shares of Sierra Wireless from a “sector perform” rating to a “sector underperform” rating and set a $13.00 price objective on the stock. in a research report on Friday, August 5th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Sierra Wireless in a research report on Monday, September 12th.
Shares of Sierra Wireless (NASDAQ:SWIR) opened at 13.95 on Monday. The firm has a market capitalization of $441.92 million, a P/E ratio of 108.14 and a beta of 1.67. Sierra Wireless has a 12 month low of $9.69 and a 12 month high of $25.94. The stock has a 50 day moving average price of $14.16 and a 200 day moving average price of $16.14.
Sierra Wireless (NASDAQ:SWIR) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08. The company had revenue of $156.23 million for the quarter, compared to analysts’ expectations of $154.55 million. Sierra Wireless had a net margin of 0.73% and a return on equity of 2.96%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. On average, analysts expect that Sierra Wireless will post $0.52 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SWIR. Royal Bank of Canada raised its position in Sierra Wireless by 42.0% in the second quarter. Royal Bank of Canada now owns 23,704 shares of the company’s stock valued at $402,000 after buying an additional 7,010 shares in the last quarter. Fiera Capital Corp raised its position in Sierra Wireless by 1.6% in the second quarter. Fiera Capital Corp now owns 922,059 shares of the company’s stock valued at $15,551,000 after buying an additional 14,300 shares in the last quarter. A.R.T. Advisors LLC raised its position in Sierra Wireless by 41.1% in the second quarter. A.R.T. Advisors LLC now owns 39,150 shares of the company’s stock valued at $663,000 after buying an additional 11,400 shares in the last quarter. KCG Holdings Inc. purchased a new position in Sierra Wireless during the second quarter valued at $261,000. Finally, Advisor Group Inc. purchased a new position in Sierra Wireless during the second quarter valued at $215,000. Institutional investors own 19.81% of the company’s stock.
Sierra Wireless Company Profile
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.