Brokerages Set Sierra Wireless, Inc. (SWIR) Target Price at $25.61
Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) has been given a consensus recommendation of “Hold” by the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $25.61.
A number of research analysts recently commented on the company. TheStreet raised Sierra Wireless from a “c-” rating to a “b-” rating in a research note on Thursday, February 9th. Benchmark Co. assumed coverage on Sierra Wireless in a research note on Tuesday, April 25th. They set a “hold” rating on the stock. They noted that the move was a valuation call. Jefferies Group LLC reaffirmed a “hold” rating and set a $21.00 price objective (up from $13.50) on shares of Sierra Wireless in a research note on Thursday, February 16th. Canaccord Genuity reaffirmed a “buy” rating on shares of Sierra Wireless in a research note on Friday, February 10th. Finally, TD Securities assumed coverage on Sierra Wireless in a research note on Tuesday. They set a “hold” rating on the stock.
Several hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in Sierra Wireless during the fourth quarter worth $1,454,000. Cutter & CO Brokerage Inc. purchased a new stake in Sierra Wireless during the fourth quarter worth $241,000. Armor Investment Advisors LLC purchased a new stake in Sierra Wireless during the fourth quarter worth $206,000. Oxford Asset Management purchased a new stake in Sierra Wireless during the fourth quarter worth $567,000. Finally, Dimensional Fund Advisors LP raised its stake in Sierra Wireless by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 96,258 shares of the communications equipment provider’s stock worth $1,511,000 after buying an additional 10,541 shares in the last quarter. Institutional investors own 22.27% of the company’s stock.
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Shares of Sierra Wireless (NASDAQ:SWIR) traded down 0.35% on Wednesday, reaching $28.75. The company’s stock had a trading volume of 460,488 shares. Sierra Wireless has a 12 month low of $12.30 and a 12 month high of $30.60. The firm has a market cap of $917.56 million, a price-to-earnings ratio of 63.61 and a beta of 1.90. The stock has a 50 day moving average of $26.62 and a 200-day moving average of $22.45.
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.
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