BidaskClub cut shares of Sierra Wireless (NASDAQ:SWIR) (TSE:SW) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also issued reports on SWIR. Zacks Investment Research lowered shares of Sierra Wireless from a hold rating to a sell rating in a report on Friday, December 7th. ValuEngine lowered shares of Sierra Wireless from a hold rating to a sell rating in a report on Friday, March 1st. Canaccord Genuity cut their price target on shares of Sierra Wireless from $32.00 to $20.00 and set a buy rating on the stock in a report on Thursday, February 14th. First Analysis lowered shares of Sierra Wireless from an outperform rating to a neutral rating and cut their price target for the stock from $25.00 to $12.00 in a report on Thursday, February 14th. Finally, Macquarie lowered shares of Sierra Wireless from a neutral rating to an underperform rating in a report on Thursday, February 14th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Sierra Wireless currently has a consensus rating of Hold and a consensus price target of $17.45.

SWIR stock opened at $12.24 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.43 and a current ratio of 1.70. Sierra Wireless has a 52 week low of $10.80 and a 52 week high of $22.58. The firm has a market cap of $441.50 million, a P/E ratio of 94.15 and a beta of 2.35.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. WealthTrust Axiom LLC boosted its stake in shares of Sierra Wireless by 6.9% during the 4th quarter. WealthTrust Axiom LLC now owns 15,500 shares of the communications equipment provider’s stock valued at $208,000 after purchasing an additional 1,000 shares in the last quarter. TD Asset Management Inc. lifted its position in Sierra Wireless by 1.3% during the 4th quarter. TD Asset Management Inc. now owns 118,800 shares of the communications equipment provider’s stock valued at $1,594,000 after acquiring an additional 1,500 shares during the period. Dimensional Fund Advisors LP lifted its position in Sierra Wireless by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 146,329 shares of the communications equipment provider’s stock valued at $1,965,000 after acquiring an additional 2,165 shares during the period. Bank of Montreal Can lifted its position in Sierra Wireless by 5.5% during the 4th quarter. Bank of Montreal Can now owns 83,109 shares of the communications equipment provider’s stock valued at $1,118,000 after acquiring an additional 4,369 shares during the period. Finally, Toronto Dominion Bank lifted its position in Sierra Wireless by 25.5% during the 4th quarter. Toronto Dominion Bank now owns 26,453 shares of the communications equipment provider’s stock valued at $356,000 after acquiring an additional 5,370 shares during the period. 29.75% of the stock is currently owned by hedge funds and other institutional investors.

Sierra Wireless Company Profile

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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