Sierra Wireless (TSE:SW) Sets New 52-Week High After Analyst Upgrade

Sierra Wireless, Inc. (TSE:SW – Get Rating) (NASDAQ:SWIR)’s share price hit a new 52-week high during mid-day trading on Friday after Raymond James raised their price target on the stock from C$18.00 to C$20.00. Raymond James currently has a market perform rating on the stock. Sierra Wireless traded as high as C$26.22 and last traded at C$25.81, with a volume of 301597 shares. The stock had previously closed at C$24.52.

Several other research analysts have also recently weighed in on SW. B. Riley increased their price objective on Sierra Wireless to C$27.50 and gave the stock a “buy” rating in a research report on Thursday. William Blair initiated coverage on Sierra Wireless in a research report on Tuesday, April 19th. They set a “buy” rating on the stock. Finally, Colliers Securities reiterated a “buy” rating and set a C$25.00 price objective on shares of Sierra Wireless in a research report on Wednesday, February 23rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$23.13.

The company has a debt-to-equity ratio of 9.77, a current ratio of 1.39 and a quick ratio of 0.84. The stock has a market capitalization of C$997.18 million and a P/E ratio of -8.06. The firm has a 50-day simple moving average of C$21.85 and a 200 day simple moving average of C$21.28.

Sierra Wireless (TSE:SW – Get Rating) (NASDAQ:SWIR) last issued its quarterly earnings data on Tuesday, February 22nd. The company reported C($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.31) by C$0.16. The company had revenue of C$189.00 million for the quarter, compared to the consensus estimate of C$153.91 million. Sell-side analysts anticipate that Sierra Wireless, Inc. will post 0.7099999 earnings per share for the current fiscal year.

About Sierra Wireless (TSE:SW)

Sierra Wireless, Inc, together with its subsidiaries, provides device-to-cloud Internet of Things (IoT) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, IoT Solutions and Enterprise Solutions. The IoT Solutions segment offers cellular wireless IoT modules that provides original equipment manufacturers (OEMs) with 5G, 4G LTE, third generation/second generation, low power wide area, Wi-Fi, Bluetooth, and global navigation satellite system connectivity; embedded broadband solutions, including industrial-grade modules, which offers speed, bandwidth, and network performance for connecting to 5G and 4G networks; and IoT connectivity services.

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