Sierra Wireless Inc. (NASDAQ:SWIR) shares traded up 2.8% during trading on Thursday . The company traded as high as $17.80 and last traded at $17.80, with a volume of 139,392 shares changing hands. The stock had previously closed at $17.31.

A number of research analysts have commented on the stock. Canaccord Genuity reissued a “buy” rating and set a $20.00 target price on shares of Sierra Wireless in a research report on Friday, May 6th. Royal Bank Of Canada reissued a “sector perform” rating and set a $20.00 target price on shares of Sierra Wireless in a research report on Thursday, May 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Sierra Wireless currently has a consensus rating of “Hold” and a consensus price target of $21.96.

The company has a market capitalization of $569.74 million and a P/E ratio of 75.97. The company has a 50 day moving average price of $18.02 and a 200-day moving average price of $15.54.

Sierra Wireless (NASDAQ:SWIR) last released its earnings results on Thursday, May 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.07. The company earned $142.80 million during the quarter, compared to analyst estimates of $139.85 million. During the same period in the prior year, the firm posted $0.22 EPS. Sierra Wireless’s revenue was down 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Sierra Wireless Inc. will post $0.69 earnings per share for the current fiscal year.

Several hedge funds recently added to or reduced their stakes in the stock. Morgan Stanley increased its stake in Sierra Wireless by 21.7% in the fourth quarter. Morgan Stanley now owns 111,992 shares of the company’s stock worth $1,763,000 after buying an additional 19,965 shares in the last quarter. Baker Chad R bought a new stake in Sierra Wireless during the fourth quarter worth about $2,451,000. Finally, I.G. Investment Management LTD. bought a new stake in Sierra Wireless during the fourth quarter worth about $4,875,000.

Sierra Wireless, Inc offers second generation (2G), third generation (3G) and fourth generation (4G) cellular embedded wireless modules and gateways. The Company offers products to original equipment manufacturers (OEMs) and enterprises. It operates through three segments: OEM Solutions, Enterprise Solutions, and Cloud and Connectivity Services.

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