Sierra Wireless, Inc. (NASDAQ:SWIR) Receives Average Recommendation of “Buy” from Analysts

Sierra Wireless, Inc. (NASDAQ:SWIRGet Rating) (TSE:SW) has received a consensus rating of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $20.75.

SWIR has been the topic of a number of research reports. TheStreet raised shares of Sierra Wireless from a “d” rating to a “c-” rating in a research note on Wednesday, February 23rd. Raymond James set a $18.00 target price on shares of Sierra Wireless and gave the company a “market perform” rating in a research note on Wednesday, February 23rd. Roth Capital reissued a “buy” rating on shares of Sierra Wireless in a research note on Wednesday, February 23rd. Zacks Investment Research raised shares of Sierra Wireless from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Saturday, February 26th. Finally, TD Securities raised their target price on shares of Sierra Wireless from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, February 23rd.

Shares of SWIR opened at $16.82 on Thursday. The firm has a market cap of $640.93 million, a PE ratio of -7.01 and a beta of 1.84. The company’s fifty day moving average is $17.17 and its two-hundred day moving average is $16.71. Sierra Wireless has a fifty-two week low of $13.10 and a fifty-two week high of $20.94. The company has a quick ratio of 0.97, a current ratio of 1.39 and a debt-to-equity ratio of 0.19.

Sierra Wireless (NASDAQ:SWIRGet Rating) (TSE:SW) last announced its quarterly earnings results on Tuesday, February 22nd. The communications equipment provider reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.13. The company had revenue of $149.91 million for the quarter, compared to analyst estimates of $123.58 million. Sierra Wireless had a negative net margin of 18.81% and a negative return on equity of 16.11%. During the same quarter last year, the business earned ($0.33) EPS. As a group, equities research analysts anticipate that Sierra Wireless will post -0.28 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in SWIR. Legal & General Group Plc grew its holdings in Sierra Wireless by 136.4% during the 4th quarter. Legal & General Group Plc now owns 2,515 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 1,451 shares in the last quarter. UBS Group AG grew its holdings in Sierra Wireless by 65.6% during the 3rd quarter. UBS Group AG now owns 2,978 shares of the communications equipment provider’s stock worth $46,000 after acquiring an additional 1,180 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Sierra Wireless during the 4th quarter worth $50,000. National Bank of Canada FI acquired a new position in Sierra Wireless during the 4th quarter worth $78,000. Finally, Advisor Group Holdings Inc. grew its holdings in Sierra Wireless by 10.0% during the 3rd quarter. Advisor Group Holdings Inc. now owns 6,839 shares of the communications equipment provider’s stock worth $107,000 after acquiring an additional 622 shares in the last quarter. 61.08% of the stock is owned by institutional investors.

About Sierra Wireless (Get Rating)

Sierra Wireless, Inc, together with its subsidiaries, provides device-to-cloud Internet of Things (IoT) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, IoT Solutions and Enterprise Solutions. The IoT Solutions segment offers cellular wireless IoT modules that provides original equipment manufacturers (OEMs) with 5G, 4G LTE, third generation/second generation, low power wide area, Wi-Fi, Bluetooth, and global navigation satellite system connectivity; embedded broadband solutions, including industrial-grade modules, which offers speed, bandwidth, and network performance for connecting to 5G and 4G networks; and IoT connectivity services.

Further Reading

Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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