Sierra Wireless (NASDAQ:SWIR) PT Raised to $22.00

Sierra Wireless (NASDAQ:SWIRGet Rating) (TSE:SW) had its target price upped by analysts at TD Securities from $19.00 to $22.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the communications equipment provider’s stock. TD Securities’ target price suggests a potential upside of 6.69% from the company’s previous close.

Several other research analysts have also weighed in on the company. Zacks Investment Research lowered Sierra Wireless from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. StockNews.com began coverage on Sierra Wireless in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Raymond James set a $18.00 target price on Sierra Wireless and gave the stock a “market perform” rating in a research report on Wednesday, February 23rd. William Blair assumed coverage on Sierra Wireless in a research report on Tuesday, April 19th. They issued an “outperform” rating on the stock. Finally, B. Riley increased their price target on Sierra Wireless from $24.00 to $27.50 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $22.15.

Shares of Sierra Wireless stock opened at $20.62 on Thursday. Sierra Wireless has a fifty-two week low of $13.44 and a fifty-two week high of $20.94. The firm has a market cap of $790.41 million, a PE ratio of -10.74 and a beta of 1.81. The business’s fifty day moving average is $17.29 and its two-hundred day moving average is $16.86. 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 issued its earnings results on Tuesday, February 22nd. The communications equipment provider reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.13. The business had revenue of $149.91 million for the quarter, compared to analyst estimates of $123.58 million. Sierra Wireless had a negative return on equity of 16.11% and a negative net margin of 18.81%. During the same period last year, the company posted ($0.33) EPS. Equities research analysts anticipate that Sierra Wireless will post -0.27 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Legal & General Group Plc grew its stake in shares of Sierra Wireless by 136.4% during the fourth quarter. Legal & General Group Plc now owns 2,515 shares of the communications equipment provider’s stock valued at $44,000 after acquiring an additional 1,451 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Sierra Wireless during the first quarter valued at about $49,000. Russell Investments Group Ltd. acquired a new stake in shares of Sierra Wireless during the fourth quarter valued at about $50,000. UBS Group AG grew its stake in shares of Sierra Wireless by 65.6% during the third quarter. UBS Group AG now owns 2,978 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 1,180 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Sierra Wireless during the first quarter valued at about $63,000. Institutional investors own 63.69% of the company’s stock.

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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