Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) has earned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $27.05.

A number of analysts have weighed in on the stock. Northland Securities restated a “hold” rating and issued a $26.00 target price on shares of Sierra Wireless in a research report on Friday. Zacks Investment Research upgraded shares of Sierra Wireless from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. TheStreet lowered shares of Sierra Wireless from a “b” rating to a “c+” rating in a research report on Friday, August 18th. Scotiabank downgraded shares of Sierra Wireless from a “sector perform” rating to an “underperform” rating and raised their price target for the company from $22.00 to $23.00 in a research note on Thursday, August 3rd. Finally, Howard Weil raised shares of Sierra Wireless to a “sector perform” rating and set a $23.00 price target for the company in a research note on Thursday, September 21st. They noted that the move was a valuation call.

Shares of Sierra Wireless (NASDAQ SWIR) traded down $1.55 during trading on Wednesday, reaching $20.35. 1,269,987 shares of the company’s stock were exchanged, compared to its average volume of 288,153. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.92 and a quick ratio of 1.54. The stock has a market cap of $705.61, a price-to-earnings ratio of 20.28 and a beta of 3.21.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in 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 worth $36,891,000 after buying an additional 236,807 shares during the last quarter. Heathbridge Capital Management Ltd. raised its stake in Sierra Wireless by 3.8% during the third quarter. Heathbridge Capital Management Ltd. now owns 750,200 shares of the communications equipment provider’s stock worth $16,129,000 after buying an additional 27,300 shares during the last quarter. Vanguard Group Inc. raised its stake in Sierra Wireless by 3.1% during the second quarter. Vanguard Group Inc. now owns 629,686 shares of the communications equipment provider’s stock worth $17,694,000 after buying an additional 19,014 shares during the last quarter. Renaissance Technologies LLC raised its stake in Sierra Wireless by 27.8% during the second quarter. Renaissance Technologies LLC now owns 609,884 shares of the communications equipment provider’s stock worth $17,138,000 after buying an additional 132,701 shares during the last quarter. Finally, Morgan Stanley raised its stake in Sierra Wireless by 155.5% during the first quarter. Morgan Stanley now owns 424,447 shares of the communications equipment provider’s stock worth $11,270,000 after buying an additional 258,316 shares during the last quarter. 24.91% of the stock is owned by institutional investors and hedge funds.

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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