Sierra Wireless (NASDAQ:SWIR) PT Lowered to $10.00

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) had its price objective decreased by stock analysts at TD Securities from $13.00 to $10.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the communications equipment provider’s stock. TD Securities’ price objective points to a potential upside of 18.20% from the stock’s previous close.

SWIR has been the topic of several other research reports. Raymond James lowered Sierra Wireless from an “outperform” rating to a “market perform” rating and set a $13.00 price objective on the stock. in a research note on Wednesday. Royal Bank of Canada restated a “sector perform” rating and issued a $12.00 price objective (down previously from $14.00) on shares of Sierra Wireless in a research note on Wednesday. BidaskClub upgraded Sierra Wireless from a “sell” rating to a “hold” rating in a research note on Tuesday. TheStreet lowered Sierra Wireless from a “c-” rating to a “d+” rating in a research note on Wednesday, September 4th. Finally, National Bank Financial dropped their price objective on Sierra Wireless from $15.00 to $12.50 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Sierra Wireless presently has a consensus rating of “Hold” and an average target price of $13.50.

NASDAQ:SWIR traded down $0.32 on Wednesday, hitting $8.46. The company’s stock had a trading volume of 685,200 shares, compared to its average volume of 242,016. The company has a current ratio of 1.52, a quick ratio of 1.24 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average of $10.76 and a two-hundred day moving average of $11.70. The firm has a market capitalization of $408.30 million, a P/E ratio of 65.08 and a beta of 2.00. Sierra Wireless has a one year low of $8.37 and a one year high of $17.30.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last released its quarterly earnings data on Tuesday, November 5th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $174.03 million during the quarter, compared to the consensus estimate of $191.16 million. Sierra Wireless had a negative net margin of 8.57% and a negative return on equity of 2.09%. Sierra Wireless’s quarterly revenue was down 14.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS.

Several hedge funds and other institutional investors have recently made changes to their positions in SWIR. Atlas Capital Advisors LLC bought a new position in shares of Sierra Wireless during the second quarter worth approximately $36,000. Aperio Group LLC bought a new position in shares of Sierra Wireless during the second quarter worth approximately $43,000. US Bancorp DE increased its stake in shares of Sierra Wireless by 363.8% during the second quarter. US Bancorp DE now owns 4,643 shares of the communications equipment provider’s stock worth $56,000 after purchasing an additional 3,642 shares during the period. Invesco Ltd. bought a new position in shares of Sierra Wireless during the second quarter worth approximately $123,000. Finally, GSA Capital Partners LLP bought a new position in shares of Sierra Wireless during the second quarter worth approximately $145,000. Institutional investors own 41.21% of the company’s stock.

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.

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Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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