Shares of Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) have received an average recommendation of “Hold” from the seventeen research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $26.95.

Several brokerages have weighed in on SWIR. Zacks Investment Research raised Sierra Wireless from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. BidaskClub cut Sierra Wireless from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Howard Weil raised Sierra Wireless to a “sector perform” rating and set a $23.00 price objective on the stock in a research note on Thursday, September 21st. They noted that the move was a valuation call. Scotiabank raised Sierra Wireless from an “underperform” rating to a “sector perform” rating and set a $28.25 price objective on the stock in a research note on Thursday, September 21st. Finally, BMO Capital Markets reissued a “hold” rating and set a $26.00 price objective on shares of Sierra Wireless in a research note on Monday, November 6th.

Shares of Sierra Wireless (NASDAQ SWIR) opened at $20.65 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.54 and a current ratio of 1.92. Sierra Wireless has a 52 week low of $15.55 and a 52 week high of $31.95. The firm has a market capitalization of $750.19, a P/E ratio of 19.40 and a beta of 3.17.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its stake in shares of Sierra Wireless by 27.8% during the second quarter. Renaissance Technologies LLC now owns 609,884 shares of the communications equipment provider’s stock valued at $17,138,000 after buying an additional 132,701 shares during the last quarter. Pier Capital LLC bought a new position in shares of Sierra Wireless during the second quarter valued at approximately $5,757,000. Bank of Nova Scotia bought a new position in shares of Sierra Wireless during the second quarter valued at approximately $266,000. Bank of New York Mellon Corp grew its stake in shares of Sierra Wireless by 16.0% during the third quarter. Bank of New York Mellon Corp now owns 1,715,805 shares of the communications equipment provider’s stock valued at $36,891,000 after buying an additional 236,807 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Sierra Wireless by 30.0% during the first quarter. Dimensional Fund Advisors LP now owns 125,148 shares of the communications equipment provider’s stock valued at $3,323,000 after buying an additional 28,890 shares during the last quarter. 20.98% of the stock is currently owned by hedge funds and other institutional investors.

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About Sierra Wireless

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.

Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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