National Bank Financial Lowers Sierra Wireless (NASDAQ:SWIR) Price Target to $12.50

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) had its price target decreased by stock analysts at National Bank Financial from $15.00 to $12.50 in a report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the communications equipment provider’s stock. National Bank Financial’s price target would suggest a potential upside of 3.56% from the stock’s previous close. National Bank Financial also issued estimates for Sierra Wireless’ Q2 2019 earnings at ($0.04) EPS.

A number of other brokerages have also recently commented on SWIR. Zacks Investment Research cut shares of Sierra Wireless from a “hold” rating to a “strong sell” rating in a report on Thursday, May 16th. TD Securities dropped their price objective on shares of Sierra Wireless from $14.50 to $13.00 and set a “hold” rating on the stock in a research note on Thursday. BidaskClub cut shares of Sierra Wireless from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. Raymond James reissued an “outperform” rating and issued a $20.00 price objective on shares of Sierra Wireless in a research note on Friday, May 10th. Finally, ValuEngine cut shares of Sierra Wireless from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Sierra Wireless currently has a consensus rating of “Hold” and an average target price of $16.56.

Shares of Sierra Wireless stock traded up $0.13 during trading on Thursday, reaching $12.07. The company’s stock had a trading volume of 220,164 shares, compared to its average volume of 119,308. The stock has a 50-day moving average price of $11.91. The company has a market capitalization of $425.85 million, a price-to-earnings ratio of 92.85, a PEG ratio of 294.50 and a beta of 2.17. Sierra Wireless has a fifty-two week low of $10.80 and a fifty-two week high of $22.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.69.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last announced its earnings results on Wednesday, July 31st. The communications equipment provider reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The business had revenue of $191.37 million for the quarter, compared to analysts’ expectations of $191.95 million. Sierra Wireless had a negative net margin of 5.75% and a positive return on equity of 0.02%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS.

Institutional investors and hedge funds have recently made changes to their positions in the business. Mascoma Wealth Management LLC boosted its position in shares of Sierra Wireless by 77.3% during the 1st quarter. Mascoma Wealth Management LLC now owns 2,660 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 1,160 shares in the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of Sierra Wireless during the 2nd quarter worth $36,000. Aperio Group LLC purchased a new stake in shares of Sierra Wireless during the 2nd quarter worth $43,000. Penserra Capital Management LLC purchased a new stake in shares of Sierra Wireless during the 1st quarter worth $76,000. Finally, Armor Investment Advisors LLC purchased a new stake in shares of Sierra Wireless during the 1st quarter worth $125,000. 26.79% of the stock is currently owned by 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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