Sierra Wireless (SWIR) Upgraded to Sell at BidaskClub
BidaskClub upgraded shares of Sierra Wireless (NASDAQ:SWIR) (TSE:SW) from a strong sell rating to a sell rating in a research report sent to investors on Friday.
A number of other research firms also recently commented on SWIR. Howard Weil upgraded Sierra Wireless to a sector perform rating and set a $23.00 target price on the stock in a research report on Thursday, September 21st. They noted that the move was a valuation call. Scotiabank boosted their target price on Sierra Wireless from $23.00 to $31.00 and gave the stock a sector perform rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded Sierra Wireless from a sell rating to a hold rating in a research report on Wednesday, October 4th. BMO Capital Markets reiterated a hold rating and issued a $26.00 target price on shares of Sierra Wireless in a research report on Monday, November 6th. Finally, Raymond James Financial upgraded Sierra Wireless from a market perform rating to an outperform rating and set a $30.00 target price on the stock in a research report on Monday, November 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $26.95.
Sierra Wireless (NASDAQ:SWIR) traded down $0.30 during trading hours on Friday, hitting $21.00. The company had a trading volume of 311,522 shares, compared to its average volume of 257,447. The company has a quick ratio of 1.54, a current ratio of 1.92 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $762.72, a P/E ratio of 29.17 and a beta of 3.17. Sierra Wireless has a 12 month low of $15.75 and a 12 month high of $31.95.
A number of hedge funds have recently modified their holdings of SWIR. Legal & General Group Plc raised its position in Sierra Wireless by 5.1% during the second quarter. Legal & General Group Plc now owns 4,098 shares of the communications equipment provider’s stock valued at $115,000 after purchasing an additional 198 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in Sierra Wireless during the second quarter valued at approximately $231,000. JPMorgan Chase & Co. purchased a new stake in Sierra Wireless during the second quarter valued at approximately $136,000. Wells Fargo & Company MN raised its position in Sierra Wireless by 32.6% during the second quarter. Wells Fargo & Company MN now owns 25,201 shares of the communications equipment provider’s stock valued at $708,000 after purchasing an additional 6,200 shares during the period. Finally, Systematic Financial Management LP purchased a new stake in Sierra Wireless during the second quarter valued at approximately $2,794,000. Institutional investors and hedge funds own 20.98% of the company’s stock.
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.
Receive News & Ratings for Sierra Wireless Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Wireless and related companies with MarketBeat.com's FREE daily email newsletter.