Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) has earned an average rating of “Hold” from the fifteen analysts that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $17.45.

Several research analysts have commented on the stock. BMO Capital Markets lowered their price target on shares of Sierra Wireless to $13.00 and set a “positive” rating for the company in a report on Thursday, February 14th. First Analysis cut shares of Sierra Wireless from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $12.00 in a report on Thursday, February 14th. Canaccord Genuity lowered their target price on shares of Sierra Wireless from $32.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, February 14th. Macquarie cut shares of Sierra Wireless from a “neutral” rating to an “underperform” rating in a report on Thursday, February 14th. Finally, ValuEngine upgraded shares of Sierra Wireless from a “sell” rating to a “hold” rating in a report on Monday, February 4th.

Several institutional investors have recently modified their holdings of SWIR. Wells Fargo & Company MN boosted its holdings in shares of Sierra Wireless by 400.8% in the 3rd quarter. Wells Fargo & Company MN now owns 72,663 shares of the communications equipment provider’s stock valued at $1,461,000 after buying an additional 58,154 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Sierra Wireless by 22.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 144,164 shares of the communications equipment provider’s stock valued at $2,898,000 after purchasing an additional 26,269 shares during the last quarter. People s United Financial Inc. raised its position in Sierra Wireless by 76.5% in the 3rd quarter. People s United Financial Inc. now owns 19,770 shares of the communications equipment provider’s stock valued at $397,000 after purchasing an additional 8,570 shares during the last quarter. Putnam Investments LLC purchased a new stake in Sierra Wireless in the 3rd quarter valued at $4,599,000. Finally, Vanguard Group Inc. raised its position in Sierra Wireless by 8.1% in the 3rd quarter. Vanguard Group Inc. now owns 829,073 shares of the communications equipment provider’s stock valued at $16,665,000 after purchasing an additional 62,309 shares during the last quarter. Institutional investors and hedge funds own 29.75% of the company’s stock.

NASDAQ SWIR traded down $0.17 on Wednesday, hitting $12.54. 134,620 shares of the stock were exchanged, compared to its average volume of 322,257. The company has a quick ratio of 1.43, a current ratio of 1.70 and a debt-to-equity ratio of 0.10. Sierra Wireless has a fifty-two week low of $10.80 and a fifty-two week high of $22.58. The stock has a market capitalization of $453.76 million, a PE ratio of 96.46 and a beta of 2.34.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last posted its quarterly earnings results on Wednesday, February 13th. The communications equipment provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Sierra Wireless had a positive return on equity of 1.95% and a negative net margin of 3.10%. The firm had revenue of $201.40 million for the quarter, compared to analyst estimates of $204.94 million. During the same quarter last year, the firm earned $0.28 EPS. The company’s revenue was up 9.8% on a year-over-year basis.

About Sierra Wireless

Sierra Wireless, Inc, together with its subsidiaries, engages in building the Internet of Things (IoT) with intelligent wireless solutions in North America, Europe, and the Asia Pacific. It operates in three segments: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services.

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Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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