ValuEngine Upgrades Sierra Wireless (SWIR) to Hold

ValuEngine upgraded shares of Sierra Wireless (NASDAQ:SWIR) (TSE:SW) from a sell rating to a hold rating in a report issued on Wednesday.

Several other analysts have also recently commented on the company. BidaskClub cut Sierra Wireless from a hold rating to a sell rating in a research report on Saturday, September 1st. Roth Capital set a $23.00 price target on Sierra Wireless and gave the stock a buy rating in a research report on Friday, August 3rd. Canaccord Genuity reiterated a buy rating on shares of Sierra Wireless in a research report on Friday, August 3rd. CIBC upgraded Sierra Wireless from a sector underperform rating to a neutral rating in a research report on Friday, August 3rd. Finally, Royal Bank of Canada dropped their price target on Sierra Wireless from $23.00 to $20.00 and set a sector perform rating for the company in a research report on Monday, July 30th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $23.60.

Shares of SWIR opened at $21.65 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.61 and a quick ratio of 1.33. Sierra Wireless has a one year low of $15.10 and a one year high of $23.50. The company has a market cap of $768.82 million, a P/E ratio of 37.33, a PEG ratio of 2.65 and a beta of 2.98.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last issued its quarterly earnings results on Thursday, August 2nd. The communications equipment provider reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. Sierra Wireless had a positive return on equity of 1.73% and a negative net margin of 2.96%. The firm had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $199.17 million. During the same period in the previous year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. equities analysts predict that Sierra Wireless will post 0.67 EPS for the current year.

A number of large investors have recently modified their holdings of the business. CIBC Asset Management Inc lifted its stake in shares of Sierra Wireless by 2.6% in the 2nd quarter. CIBC Asset Management Inc now owns 104,682 shares of the communications equipment provider’s stock valued at $1,675,000 after purchasing an additional 2,608 shares during the last quarter. Heathbridge Capital Management Ltd. lifted its stake in shares of Sierra Wireless by 0.6% in the 2nd quarter. Heathbridge Capital Management Ltd. now owns 663,000 shares of the communications equipment provider’s stock valued at $10,608,000 after purchasing an additional 4,000 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of Sierra Wireless by 221.5% in the 1st quarter. Quantbot Technologies LP now owns 6,463 shares of the communications equipment provider’s stock valued at $106,000 after purchasing an additional 4,453 shares during the last quarter. Balter Liquid Alternatives LLC lifted its stake in shares of Sierra Wireless by 21.0% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 36,848 shares of the communications equipment provider’s stock valued at $595,000 after purchasing an additional 6,385 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Sierra Wireless by 13.8% in the 2nd quarter. Swiss National Bank now owns 66,800 shares of the communications equipment provider’s stock valued at $1,065,000 after purchasing an additional 8,100 shares during the last quarter. Institutional investors own 25.29% of the company’s stock.

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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