Raymond James Boosts Sierra Wireless (TSE:SW) Price Target to C$20.00

Sierra Wireless (TSE:SWGet Rating) (NASDAQ:SWIR) had its price target upped by investment analysts at Raymond James from C$18.00 to C$20.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ target price would suggest a potential downside of 24.84% from the company’s current price.

Several other equities analysts have also recently weighed in on SW. B. Riley boosted their price objective on Sierra Wireless to C$27.50 and gave the stock a “buy” rating in a research report on Thursday. William Blair started coverage on Sierra Wireless in a research report on Tuesday, April 19th. They issued a “buy” rating for the company. Finally, Colliers Securities restated a “buy” rating and issued a C$25.00 price target on shares of Sierra Wireless in a research report on Wednesday, February 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Sierra Wireless has an average rating of “Buy” and a consensus target price of C$23.13.

Shares of Sierra Wireless stock opened at C$26.61 on Thursday. Sierra Wireless has a 12-month low of C$16.85 and a 12-month high of C$26.64. The company has a quick ratio of 0.84, a current ratio of 1.39 and a debt-to-equity ratio of 9.77. The stock has a 50 day moving average price of C$21.94 and a two-hundred day moving average price of C$21.36. The stock has a market capitalization of C$1.02 billion and a P/E ratio of -8.57.

Sierra Wireless (TSE:SWGet Rating) (NASDAQ:SWIR) last issued its quarterly earnings data on Tuesday, February 22nd. The company reported C($0.15) earnings per share for the quarter, topping 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 analyst estimates of C$153.91 million. Sell-side analysts anticipate that Sierra Wireless will post 0.7099999 earnings per share for the current 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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Analyst Recommendations for Sierra Wireless (TSE:SW)

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