Sierra Wireless, Inc. (SWIR) Receives Average Rating of “Hold” from Analysts

Shares of Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) have received an average recommendation of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $17.45.

SWIR has been the topic of a number of recent research reports. Macquarie lowered shares of Sierra Wireless from a “neutral” rating to an “underperform” rating in a research report on Thursday, February 14th. BidaskClub upgraded shares of Sierra Wireless from a “hold” rating to a “buy” rating in a research report on Tuesday, January 15th. ValuEngine lowered shares of Sierra Wireless from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Zacks Investment Research lowered shares of Sierra Wireless from a “hold” rating to a “sell” rating in a research report on Thursday, December 20th. Finally, Raymond James restated an “outperform” rating and set a $20.00 price target on shares of Sierra Wireless in a research report on Thursday, February 14th.

Hedge funds have recently modified their holdings of the business. Legal & General Group Plc raised its stake in Sierra Wireless by 251.8% during the fourth quarter. Legal & General Group Plc now owns 14,416 shares of the communications equipment provider’s stock worth $193,000 after purchasing an additional 10,318 shares during the period. WealthTrust Axiom LLC raised its stake in Sierra Wireless by 6.9% during the fourth quarter. WealthTrust Axiom LLC now owns 15,500 shares of the communications equipment provider’s stock worth $208,000 after purchasing an additional 1,000 shares during the period. Bank of America Corp DE raised its stake in Sierra Wireless by 311.7% during the fourth quarter. Bank of America Corp DE now owns 17,582 shares of the communications equipment provider’s stock worth $236,000 after purchasing an additional 13,311 shares during the period. People s United Financial Inc. raised its stake in Sierra Wireless by 76.5% during the third quarter. People s United Financial Inc. now owns 19,770 shares of the communications equipment provider’s stock worth $397,000 after purchasing an additional 8,570 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Sierra Wireless during the fourth quarter worth about $306,000. 29.75% of the stock is currently owned by institutional investors.

SWIR traded down $0.17 on Wednesday, reaching $12.54. 134,620 shares of the company’s stock were exchanged, compared to its average volume of 322,257. The firm has a market capitalization of $453.76 million, a PE ratio of 96.46 and a beta of 2.34. Sierra Wireless has a twelve month low of $10.80 and a twelve month high of $22.58. The company has a current ratio of 1.70, a quick ratio of 1.43 and a debt-to-equity ratio of 0.10.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last posted its quarterly earnings results on Wednesday, February 13th. The communications equipment provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business had revenue of $201.40 million for the quarter, compared to analyst estimates of $204.94 million. Sierra Wireless had a positive return on equity of 1.95% and a negative net margin of 3.10%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 earnings per share.

Sierra Wireless Company Profile

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.

See Also: Diversification

Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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