A number of other analysts have also recently issued reports on the stock. Raymond James reiterated an “outperform” rating and issued a $20.00 target price on shares of Sierra Wireless in a research note on Thursday, February 14th. TD Securities reduced their target price on shares of Sierra Wireless from $21.00 to $14.50 and set a “hold” rating for the company in a research note on Thursday, February 14th. BMO Capital Markets reduced their target price on shares of Sierra Wireless to $13.00 and set a “positive” rating for the company in a research note on Thursday, February 14th. ValuEngine upgraded shares of Sierra Wireless from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, National Bank Financial reduced their target price on shares of Sierra Wireless from $18.00 to $12.00 and set a “sector perform” rating for the company in a research note on Thursday, February 14th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Sierra Wireless has a consensus rating of “Hold” and a consensus price target of $17.39.
Shares of SWIR stock traded up $0.13 during trading on Friday, hitting $12.74. 188,304 shares of the company were exchanged, compared to its average volume of 294,493. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.69. The stock has a market cap of $460.55 million, a P/E ratio of 98.00, a P/E/G ratio of 330.50 and a beta of 2.35. Sierra Wireless has a twelve month low of $10.80 and a twelve month high of $22.58.
Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last posted its quarterly earnings results on Thursday, May 9th. The communications equipment provider reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. The business had revenue of $173.81 million during the quarter, compared to analysts’ expectations of $172.24 million. Sierra Wireless had a negative net margin of 3.52% and a positive return on equity of 0.40%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Mascoma Wealth Management LLC lifted its stake in shares of Sierra Wireless by 77.3% in the first quarter. Mascoma Wealth Management LLC now owns 2,660 shares of the communications equipment provider’s stock worth $33,000 after buying an additional 1,160 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Sierra Wireless in the first quarter worth $54,000. Penserra Capital Management LLC acquired a new stake in shares of Sierra Wireless in the first quarter worth $76,000. Armor Investment Advisors LLC acquired a new stake in shares of Sierra Wireless in the first quarter worth $125,000. Finally, Legal & General Group Plc lifted its stake in shares of Sierra Wireless by 251.8% in the fourth quarter. Legal & General Group Plc now owns 14,416 shares of the communications equipment provider’s stock worth $193,000 after buying an additional 10,318 shares during the last quarter. Hedge funds and other institutional investors own 23.57% of the company’s stock.
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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