Sierra Wireless (NASDAQ:SWIR) (TSE:SW) had its price target dropped by stock analysts at Canaccord Genuity from $30.00 to $28.00 in a report issued on Friday. The firm presently has a “buy” rating on the communications equipment provider’s stock. Canaccord Genuity’s price target points to a potential upside of 81.58% from the company’s previous close.
Several other research analysts have also commented on SWIR. BidaskClub raised shares of Sierra Wireless from a “strong sell” rating to a “sell” rating in a report on Thursday. Royal Bank of Canada decreased their price target on shares of Sierra Wireless from $27.00 to $25.00 and set a “sector perform” rating for the company in a report on Wednesday. BMO Capital Markets reaffirmed a “hold” rating and issued a $26.00 price target on shares of Sierra Wireless in a report on Monday, November 6th. Northland Securities reaffirmed a “hold” rating and issued a $26.00 price target on shares of Sierra Wireless in a report on Friday, November 3rd. Finally, TD Securities decreased their price target on shares of Sierra Wireless from $30.00 to $28.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $27.04.
Sierra Wireless (NASDAQ:SWIR) traded down $2.88 during midday trading on Friday, hitting $15.42. 762,120 shares of the stock traded hands, compared to its average volume of 330,688. Sierra Wireless has a 1-year low of $15.10 and a 1-year high of $31.95. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.92 and a quick ratio of 1.54. The firm has a market cap of $589.62, a price-to-earnings ratio of 21.69 and a beta of 2.71.
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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.
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