Sierra Wireless, Inc. (SWIR) PT Raised to $21.00
Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) had its target price lifted by research analysts at Jefferies Group LLC to $21.00 in a research note issued on Friday. The firm currently has a “positive” rating on the stock. Jefferies Group LLC’s target price indicates a potential downside of 19.92% from the stock’s previous close.
Several other brokerages have also recently weighed in on SWIR. BMO Capital Markets reissued a “hold” rating on shares of Sierra Wireless in a research report on Sunday, November 6th. Zacks Investment Research raised shares of Sierra Wireless from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, November 10th. Raymond James Financial, Inc. raised shares of Sierra Wireless from a “market perform” rating to a “buy” rating in a research report on Monday, January 23rd. First Analysis raised shares of Sierra Wireless from an “equal weight” rating to an “overweight” rating and set a $27.00 price target for the company in a research report on Friday, February 10th. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $20.00 price target on shares of Sierra Wireless in a research report on Tuesday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Sierra Wireless has an average rating of “Hold” and an average price target of $20.25.
Shares of Sierra Wireless (NASDAQ:SWIR) traded up 2.242% on Friday, hitting $26.225. 591,742 shares of the stock were exchanged. The company has a market cap of $826.19 million, a PE ratio of 54.635 and a beta of 1.90. The company has a 50-day moving average price of $18.22 and a 200 day moving average price of $15.58. Sierra Wireless has a 12 month low of $11.50 and a 12 month high of $26.50.
Sierra Wireless (NASDAQ:SWIR) last announced its quarterly earnings results on Thursday, February 9th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.11. The business earned $163 million during the quarter, compared to analysts’ expectations of $161.06 million. Sierra Wireless had a net margin of 2.50% and a return on equity of 6.87%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 EPS. Equities analysts forecast that Sierra Wireless will post $0.83 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Bayesian Capital Management LP acquired a new position in shares of Sierra Wireless during the fourth quarter valued at about $173,000. Scotia Capital Inc. acquired a new position in shares of Sierra Wireless during the fourth quarter valued at about $178,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Sierra Wireless during the fourth quarter valued at about $188,000. NEXT Financial Group Inc raised its position in shares of Sierra Wireless by 935.5% in the third quarter. NEXT Financial Group Inc now owns 13,347 shares of the company’s stock valued at $192,000 after buying an additional 12,058 shares during the last quarter. Finally, Armor Investment Advisors LLC acquired a new position in shares of Sierra Wireless during the fourth quarter valued at about $206,000. Institutional investors own 22.27% of the company’s stock.
About Sierra Wireless
Sierra Wireless, Inc offers second generation (2G), third generation (3G) and fourth generation (4G) cellular embedded wireless modules and gateways. The Company offers products to original equipment manufacturers (OEMs) and enterprises. It operates through three segments: OEM Solutions, Enterprise Solutions, and Cloud and Connectivity Services.
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