Sierra Wireless (SWIR) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Sierra Wireless (NASDAQ:SWIR) (TSE:SW) from a sell rating to a hold rating in a research report report published on Monday morning.

Several other equities analysts have also issued reports on the stock. Roth Capital upgraded shares of Sierra Wireless from a neutral rating to a buy rating and lifted their target price for the company from $18.00 to $22.00 in a report on Tuesday, March 27th. Zacks Investment Research upgraded shares of Sierra Wireless from a sell rating to a hold rating in a report on Friday, March 16th. BidaskClub upgraded shares of Sierra Wireless from a strong sell rating to a sell rating in a report on Tuesday, March 6th. Raymond James Financial lowered their target price on shares of Sierra Wireless from $30.00 to $28.00 and set an outperform rating for the company in a report on Friday, February 9th. Finally, TD Securities lowered their target price on shares of Sierra Wireless from $28.00 to $21.00 and set a hold rating for the company in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $24.30.

How to Become a New Pot Stock Millionaire

SWIR stock opened at $16.50 on Monday. Sierra Wireless has a 52-week low of $15.10 and a 52-week high of $31.95. The company has a market cap of $588.15, a PE ratio of 27.71 and a beta of 2.77. The company has a quick ratio of 1.36, a current ratio of 1.66 and a debt-to-equity ratio of 0.08.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last released its earnings results on Thursday, February 8th. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.06). Sierra Wireless had a net margin of 0.60% and a return on equity of 4.82%. The business had revenue of $183.53 million for the quarter, compared to analysts’ expectations of $177.28 million. sell-side analysts predict that Sierra Wireless will post 0.62 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC bought a new stake in shares of Sierra Wireless during the fourth quarter valued at approximately $162,000. Emancipation Management LLC bought a new stake in shares of Sierra Wireless during the fourth quarter valued at approximately $203,000. Northern Trust Corp bought a new stake in shares of Sierra Wireless during the second quarter valued at approximately $301,000. Global X Management Co. LLC increased its position in shares of Sierra Wireless by 54.3% during the fourth quarter. Global X Management Co. LLC now owns 21,825 shares of the communications equipment provider’s stock valued at $448,000 after acquiring an additional 7,684 shares in the last quarter. Finally, AXA bought a new stake in shares of Sierra Wireless during the fourth quarter valued at approximately $461,000. 25.74% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/3335125/sierra-wireless-swir-rating-increased-to-hold-at-valuengine.html.

About Sierra Wireless

Sierra Wireless, Inc, together with its subsidiaries, engages in building the Internet of Things (IoT) with intelligent wireless solutions in North America, Europe, and the Asia Pacific. It operates in three segments: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.

Latest News

Somewhat Favorable News Coverage Somewhat Unlikely to Affect DTS  Stock Price
Somewhat Favorable News Coverage Somewhat Unlikely to Affect DTS Stock Price
Financial Review: Torchmark  and Its Competitors
Financial Review: Torchmark and Its Competitors
TSO3  Sets New 52-Week Low at $0.90
TSO3 Sets New 52-Week Low at $0.90
Net 1 UEPS Technologies  Sets New 12-Month High and Low at $8.62
Net 1 UEPS Technologies Sets New 12-Month High and Low at $8.62
Contrasting LSB Industries  and Praxair
Contrasting LSB Industries and Praxair
Head to Head Survey: American Renal Associates  and Catasys
Head to Head Survey: American Renal Associates and Catasys


© 2006-2018 Ticker Report. Google+.