National Bank Financial assumed coverage on shares of Sierra Wireless Inc. (NASDAQ:SWIR) in a research report sent to investors on Tuesday. The firm issued a sector perform rating and a $16.00 price target on the stock.
A number of other research analysts also recently weighed in on SWIR. Canaccord Genuity reaffirmed a buy rating and set a $17.00 price target on shares of Sierra Wireless in a research note on Monday, September 12th. Zacks Investment Research downgraded Sierra Wireless from a hold rating to a sell rating in a research note on Thursday, August 11th. Finally, CIBC downgraded Sierra Wireless from a sector perform rating to a sector underperform rating and set a $13.00 price objective for the company. in a research note on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Sierra Wireless has an average rating of Hold and a consensus target price of $17.30.
Sierra Wireless (NASDAQ:SWIR) opened at 14.41 on Tuesday. The company has a market capitalization of $456.49 million, a P/E ratio of 111.71 and a beta of 1.61. The stock’s 50 day moving average price is $14.23 and its 200 day moving average price is $16.14. Sierra Wireless has a 52 week low of $9.69 and a 52 week high of $25.94.
Sierra Wireless (NASDAQ:SWIR) last posted 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. Sierra Wireless had a return on equity of 2.96% and a net margin of 0.73%. The business had revenue of $156.23 million for the quarter, compared to the consensus estimate of $154.55 million. During the same period in the prior year, the business earned $0.26 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts anticipate that Sierra Wireless will post $0.52 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. PineBridge Investments L.P. purchased a new position in shares of Sierra Wireless during the second quarter valued at $161,000. WealthTrust Axiom LLC purchased a new position in shares of Sierra Wireless during the second quarter valued at $180,000. Advisor Group Inc. purchased a new position in shares of Sierra Wireless during the second quarter valued at $215,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Sierra Wireless during the second quarter valued at $249,000. Finally, KCG Holdings Inc. purchased a new position in shares of Sierra Wireless during the second quarter valued at $261,000. 19.81% of the stock is owned by institutional investors.
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.
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