Sierra Wireless, Inc. (SWIR) Earns “Hold” Rating from Northland Securities
Northland Securities reiterated their hold rating on shares of Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) in a report issued on Friday morning. Northland Securities currently has a $26.00 target price on the communications equipment provider’s stock.
Other equities analysts have also issued reports about the stock. TheStreet raised shares of Sierra Wireless from a c+ rating to a b rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Sierra Wireless from a sell rating to a hold rating in a research report on Wednesday, September 20th. TD Securities dropped their price objective on shares of Sierra Wireless from $30.00 to $28.00 and set a hold rating on the stock in a research report on Friday. Macquarie raised shares of Sierra Wireless from an underperform rating to a neutral rating and increased their price objective for the company from $12.30 to $23.00 in a research report on Friday, August 4th. Finally, Scotiabank raised shares of Sierra Wireless from an underperform rating to a sector perform rating and set a $28.25 price objective on the stock in a research report on Thursday, September 21st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. Sierra Wireless currently has an average rating of Hold and an average price target of $27.31.
Shares of Sierra Wireless (SWIR) opened at $21.90 on Friday. The company has a market cap of $705.61, a P/E ratio of 20.28 and a beta of 3.21. The company has a current ratio of 1.92, a quick ratio of 1.54 and a debt-to-equity ratio of 0.09.
Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its position in Sierra Wireless by 85.7% during the first quarter. Legal & General Group Plc now owns 3,900 shares of the communications equipment provider’s stock worth $103,000 after acquiring an additional 1,800 shares during the period. JPMorgan Chase & Co. bought a new position in Sierra Wireless during the second quarter worth about $136,000. Creative Planning increased its position in Sierra Wireless by 13.0% during the second quarter. Creative Planning now owns 6,880 shares of the communications equipment provider’s stock worth $193,000 after acquiring an additional 790 shares during the period. HighTower Advisors LLC bought a new position in Sierra Wireless during the first quarter worth about $200,000. Finally, Shell Asset Management Co. increased its position in Sierra Wireless by 149.0% during the third quarter. Shell Asset Management Co. now owns 7,307 shares of the communications equipment provider’s stock worth $219,000 after acquiring an additional 4,373 shares during the period. 24.91% of the stock is currently owned by institutional investors and hedge funds.
Sierra Wireless Company Profile
Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.
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