Analysts Set Sierra Wireless, Inc. (NASDAQ:SWIR) Target Price at $12.14

Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $12.14.

SWIR has been the topic of several recent research reports. Zacks Investment Research cut Sierra Wireless from a “buy” rating to a “sell” rating in a research note on Wednesday, October 7th. Canaccord Genuity reaffirmed a “buy” rating and issued a $14.00 price target on shares of Sierra Wireless in a research note on Friday, September 18th. Scotiabank increased their target price 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. TD Securities increased their target price on Sierra Wireless from $8.50 to $13.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. Finally, BidaskClub raised Sierra Wireless from a “sell” rating to a “hold” rating in a research note on Thursday, October 1st.

Several institutional investors have recently added to or reduced their stakes in SWIR. Morgan Stanley boosted its position in shares of Sierra Wireless by 240.2% during the first quarter. Morgan Stanley now owns 490,465 shares of the communications equipment provider’s stock valued at $2,786,000 after buying an additional 346,313 shares during the last quarter. FMR LLC boosted its position in shares of Sierra Wireless by 492.1% during the first quarter. FMR LLC now owns 358,200 shares of the communications equipment provider’s stock valued at $4,423,000 after buying an additional 297,700 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Sierra Wireless by 15.6% during the second quarter. Goldman Sachs Group Inc. now owns 1,622,489 shares of the communications equipment provider’s stock valued at $14,570,000 after buying an additional 219,538 shares during the last quarter. Glaxis Capital Management LLC purchased a new stake in shares of Sierra Wireless during the second quarter valued at $494,000. Finally, CIBC World Markets Inc. purchased a new stake in shares of Sierra Wireless during the first quarter valued at $112,000. 45.53% of the stock is currently owned by institutional investors.

SWIR stock traded down $0.04 during midday trading on Friday, hitting $11.44. The stock had a trading volume of 74,650 shares, compared to its average volume of 298,037. The firm has a market cap of $417.40 million, a price-to-earnings ratio of -5.99 and a beta of 2.36. The business has a 50-day moving average of $11.13 and a two-hundred day moving average of $9.89. Sierra Wireless has a 52-week low of $4.31 and a 52-week high of $14.37. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.93.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last issued its quarterly earnings results on Thursday, August 6th. The communications equipment provider reported ($0.30) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.14. The company had revenue of $144.06 million for the quarter, compared to analysts’ expectations of $140.20 million. Sierra Wireless had a negative return on equity of 11.20% and a negative net margin of 10.68%. Research analysts predict that Sierra Wireless will post -1.37 earnings per share for the current year.

About Sierra Wireless

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.

Featured Article: Google Finance Portfolio Tips and Tricks

Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

Receive News & Ratings for Sierra Wireless Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Wireless and related companies with MarketBeat.com's FREE daily email newsletter.