Sierra Wireless, Inc. (SW) Receives C$31.60 Consensus Target Price from Analysts

Shares of Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$31.60.

A number of brokerages have commented on SW. Raymond James Financial upgraded shares of Sierra Wireless from a “market perform” rating to an “outperform” rating and set a C$38.00 target price for the company in a report on Monday, November 27th. TD Securities dropped their price target on Sierra Wireless to C$36.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd.

Shares of Sierra Wireless (SW) traded up C$0.46 during trading on Wednesday, reaching C$24.93. 86,500 shares of the company’s stock were exchanged, compared to its average volume of 108,820. The company has a market capitalization of $802.89, a P/E ratio of 28.66 and a beta of 2.88. Sierra Wireless has a fifty-two week low of C$20.99 and a fifty-two week high of C$43.16.

Sierra Wireless (TSE:SW) (NASDAQ:SWIR) last announced its earnings results on Thursday, November 2nd. The company reported C$0.10 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.16 by C($0.06). Sierra Wireless had a return on equity of 1.28% and a net margin of 0.71%.

In related news, Director Jason W. Cohenour sold 5,649 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of C$19.03, for a total value of C$107,500.47. Also, Director August Daniel Schieler sold 4,829 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of C$19.20, for a total value of C$92,716.80. Insiders have sold 13,250 shares of company stock worth $272,917 in the last 90 days.

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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.

Analyst Recommendations for Sierra Wireless (TSE:SW)

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