Sierra Wireless (SWIR) Upgraded at BidaskClub

BidaskClub upgraded shares of Sierra Wireless (NASDAQ:SWIR) (TSE:SW) from a hold rating to a buy rating in a research note published on Wednesday morning, BidAskClub reports.

Several other analysts also recently weighed in on the company. Macquarie downgraded Sierra Wireless from a neutral rating to an underperform rating in a research note on Thursday, February 14th. ValuEngine downgraded Sierra Wireless from a hold rating to a sell rating in a research note on Friday, March 1st. Raymond James reaffirmed an outperform rating and set a $20.00 target price on shares of Sierra Wireless in a research note on Thursday, February 14th. First Analysis downgraded Sierra Wireless from an outperform rating to a neutral rating and cut their target price for the company from $25.00 to $12.00 in a research note on Thursday, February 14th. Finally, Canaccord Genuity cut their target price on Sierra Wireless from $32.00 to $20.00 and set a buy rating on the stock in a research note on Thursday, February 14th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $17.39.

NASDAQ:SWIR opened at $14.15 on Wednesday. Sierra Wireless has a 12-month low of $10.80 and a 12-month high of $22.58. The company has a market cap of $472.48 million, a P/E ratio of 108.85 and a beta of 2.35. The company has a quick ratio of 1.43, a current ratio of 1.70 and a debt-to-equity ratio of 0.10.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last released its quarterly earnings data on Thursday, May 9th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.03. Sierra Wireless had a positive return on equity of 0.40% and a negative net margin of 3.52%. The business had revenue of $173.81 million during the quarter, compared to analyst estimates of $172.24 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year.

A number of institutional investors have recently made changes to their positions in SWIR. WealthTrust Axiom LLC grew its holdings in shares of Sierra Wireless by 6.9% during the fourth quarter. WealthTrust Axiom LLC now owns 15,500 shares of the communications equipment provider’s stock valued at $208,000 after buying an additional 1,000 shares in the last quarter. Mascoma Wealth Management LLC grew its holdings in shares of Sierra Wireless by 77.3% during the first quarter. Mascoma Wealth Management LLC now owns 2,660 shares of the communications equipment provider’s stock valued at $33,000 after buying an additional 1,160 shares in the last quarter. TD Asset Management Inc. grew its holdings in shares of Sierra Wireless by 1.3% during the fourth quarter. TD Asset Management Inc. now owns 118,800 shares of the communications equipment provider’s stock valued at $1,594,000 after buying an additional 1,500 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Sierra Wireless by 13.9% during the first quarter. Wells Fargo & Company MN now owns 16,642 shares of the communications equipment provider’s stock valued at $206,000 after buying an additional 2,033 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Sierra Wireless by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 146,329 shares of the communications equipment provider’s stock valued at $1,965,000 after buying an additional 2,165 shares in the last quarter. 26.19% of the stock is currently owned by hedge funds and other institutional investors.

Sierra Wireless Company Profile

Sierra Wireless, Inc, together with its subsidiaries, manufactures and sells cellular wireless devices, and provide services in the wireless communications and information technology industry in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its Original Equipment Manufacturer (OEM) Solutions segment offers embedded cellular modules, short range wireless modules, global navigation satellite system modules, software, and tools to integrate wireless connectivity into various products and solutions for OEM customers, including the embedded wireless modules product portfolio; cloud-based remote device and data management solutions; and Legato, an open source Linux-based platform.

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Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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