Sierra Wireless (SWIR) PT Lowered to $21.00
Sierra Wireless (NASDAQ:SWIR) (TSE:SW) had its price target cut by stock analysts at Scotiabank from $24.00 to $21.00 in a note issued to investors on Friday. The brokerage presently has a “sector perform” rating on the communications equipment provider’s stock. Scotiabank’s price objective suggests a potential upside of 33.33% from the company’s previous close.
Several other analysts also recently issued reports on SWIR. TD Securities decreased their price target on Sierra Wireless from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Northland Securities reiterated a “hold” rating and set a $26.00 price target on shares of Sierra Wireless in a research note on Friday, November 3rd. BMO Capital Markets reiterated a “hold” rating and set a $26.00 price target on shares of Sierra Wireless in a research note on Monday, November 6th. Raymond James Financial upgraded Sierra Wireless from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Monday, November 27th. Finally, BidaskClub downgraded Sierra Wireless from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.45.
Sierra Wireless (NASDAQ:SWIR) traded down $2.55 on Friday, hitting $15.75. The stock had a trading volume of 1,837,513 shares, compared to its average volume of 339,582. The company has a market cap of $589.62, a P/E ratio of 21.69 and a beta of 2.71. Sierra Wireless has a 52 week low of $15.10 and a 52 week high of $31.95. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.54 and a current ratio of 1.92.
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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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