SWIR has been the topic of a number of other reports. TD Securities lifted their price objective on Sierra Wireless from $7.50 to $8.50 and gave the stock a hold rating in a research note on Wednesday, May 6th. Royal Bank of Canada lifted their price objective on Sierra Wireless from $9.00 to $13.00 and gave the stock a sector perform rating in a research note on Friday, July 24th. ValuEngine lowered Sierra Wireless from a strong-buy rating to a buy rating in a research note on Friday, May 1st. Scotiabank lifted their price objective on Sierra Wireless from $7.50 to $10.00 and gave the stock a sector perform rating in a research note on Friday, July 24th. Finally, Raymond James set a $12.00 price objective on Sierra Wireless and gave the stock a market perform rating in a research note on Friday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $11.14.
NASDAQ SWIR opened at $13.28 on Wednesday. Sierra Wireless has a fifty-two week low of $4.31 and a fifty-two week high of $14.37. The stock’s 50-day moving average is $9.40 and its two-hundred day moving average is $8.56. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.01 and a current ratio of 1.30.
Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last posted its earnings results on Thursday, May 7th. The communications equipment provider reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.08). Sierra Wireless had a negative net margin of 11.76% and a negative return on equity of 7.40%. The company had revenue of $157.58 million for the quarter, compared to the consensus estimate of $164.00 million. On average, equities research analysts expect that Sierra Wireless will post -1.31 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. acquired a new stake in Sierra Wireless during the first quarter valued at approximately $49,000. Asset Management Corp IL ADV acquired a new stake in Sierra Wireless during the second quarter valued at approximately $90,000. GSA Capital Partners LLP acquired a new stake in Sierra Wireless during the first quarter valued at approximately $91,000. CIBC World Markets Inc. acquired a new stake in Sierra Wireless during the first quarter valued at approximately $112,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Sierra Wireless during the fourth quarter valued at approximately $118,000. 43.41% of the stock is currently owned by institutional investors.
Sierra Wireless Company Profile
Sierra Wireless, Inc, together with its subsidiaries, manufactures and sells cellular wireless devices, and provide services in the wireless communications and information technology industry in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its Original Equipment Manufacturer (OEM) Solutions segment offers embedded cellular modules, short range wireless modules, global navigation satellite system modules, software, and tools to integrate wireless connectivity into various products and solutions for OEM customers, including the embedded wireless modules product portfolio; cloud-based remote device and data management solutions; and Legato, an open source Linux-based platform.
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