Sierra Wireless, Inc. (SWIR) Given Average Rating of “Hold” by Brokerages

Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) has been given a consensus recommendation of “Hold” by the sixteen ratings firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $25.18.

SWIR has been the topic of several research reports. Royal Bank Of Canada boosted their price objective on shares of Sierra Wireless from $19.00 to $25.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 3rd. Zacks Investment Research raised shares of Sierra Wireless from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Thursday, May 11th. BMO Capital Markets set a $30.00 price objective on shares of Sierra Wireless and gave the company a “hold” rating in a research report on Saturday, May 6th. BidaskClub cut shares of Sierra Wireless from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, TheStreet cut shares of Sierra Wireless from a “b-” rating to a “c” rating in a research report on Thursday, May 4th.

Several large investors have recently modified their holdings of the stock. Legal & General Group Plc boosted its stake in shares of Sierra Wireless by 5.1% in the second quarter. Legal & General Group Plc now owns 4,098 shares of the communications equipment provider’s stock worth $115,000 after buying an additional 198 shares during the last quarter. UBS Group AG boosted its stake in shares of Sierra Wireless by 3.7% in the first quarter. UBS Group AG now owns 12,429 shares of the communications equipment provider’s stock worth $330,000 after buying an additional 447 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Sierra Wireless by 9.3% in the second quarter. HighTower Advisors LLC now owns 8,230 shares of the communications equipment provider’s stock worth $230,000 after buying an additional 700 shares during the last quarter. Creative Planning boosted its stake in shares of Sierra Wireless by 13.0% in the second quarter. Creative Planning now owns 6,880 shares of the communications equipment provider’s stock worth $193,000 after buying an additional 790 shares during the last quarter. Finally, Bayesian Capital Management LP boosted its stake in shares of Sierra Wireless by 15.0% in the second quarter. Bayesian Capital Management LP now owns 8,900 shares of the communications equipment provider’s stock worth $250,000 after buying an additional 1,159 shares during the last quarter. 25.45% of the stock is currently owned by institutional investors.

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Shares of Sierra Wireless (NASDAQ:SWIR) opened at 21.85 on Friday. The company’s 50 day moving average price is $27.46 and its 200 day moving average price is $26.83. The stock has a market capitalization of $698.09 million, a price-to-earnings ratio of 34.30 and a beta of 3.02. Sierra Wireless has a one year low of $12.30 and a one year high of $31.95.

Sierra Wireless Company Profile

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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