B. Riley Increases Sierra Wireless (TSE:SW) Price Target to C$27.50

Sierra Wireless (TSE:SWGet Rating) (NASDAQ:SWIR) had its target price upped by analysts at B. Riley to C$27.50 in a research note issued on Thursday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s price objective indicates a potential upside of 14.20% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. William Blair assumed coverage on shares of Sierra Wireless in a report on Tuesday, April 19th. They issued a “buy” rating on the stock. Colliers Securities reiterated a “buy” rating and issued a C$25.00 target price on shares of Sierra Wireless in a research note on Wednesday, February 23rd.

Shares of TSE:SW traded up C$2.86 during trading on Thursday, reaching C$24.08. The stock had a trading volume of 208,027 shares, compared to its average volume of 60,256. Sierra Wireless has a one year low of C$15.90 and a one year high of C$26.22. The company has a market capitalization of C$920.00 million and a P/E ratio of -7.72. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 9.77. The firm’s 50-day simple moving average is C$21.85 and its 200 day simple moving average is C$21.28.

Sierra Wireless (TSE:SWGet Rating) (NASDAQ:SWIR) last released its quarterly earnings results on Tuesday, February 22nd. The company reported C($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.31) by C$0.16. The firm had revenue of C$189.00 million during the quarter, compared to the consensus estimate of C$153.91 million. Equities research analysts forecast that Sierra Wireless will post 0.7099999 earnings per share for the current fiscal year.

Sierra Wireless Company Profile (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.

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