Sierra Wireless (NASDAQ:SWIR) PT Raised to $22.00

Posted by on May 14th, 2022

Sierra Wireless (NASDAQ:SWIR – Get Rating) (TSE:SW) had its price target lifted by analysts at TD Securities from $19.00 to $22.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has a “hold” rating on the communications equipment provider’s stock. TD Securities’ price objective suggests a potential upside of 6.69% from the stock’s current price.

A number of other equities research analysts have also recently commented on SWIR. Zacks Investment Research cut shares of Sierra Wireless from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Canaccord Genuity Group raised their price objective on Sierra Wireless from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday. Raymond James set a $18.00 target price on Sierra Wireless and gave the company a “market perform” rating in a research report on Wednesday, February 23rd. Roth Capital reiterated a “buy” rating on shares of Sierra Wireless in a research note on Wednesday, February 23rd. Finally, William Blair initiated coverage on Sierra Wireless in a research note on Tuesday, April 19th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Sierra Wireless currently has an average rating of “Hold” and an average target price of $22.15.

Shares of SWIR opened at $20.62 on Thursday. The company has a market cap of $790.41 million, a price-to-earnings ratio of -10.74 and a beta of 1.81. Sierra Wireless has a twelve month low of $13.44 and a twelve month high of $20.94. The company has a quick ratio of 0.97, a current ratio of 1.39 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $17.29 and a two-hundred day moving average of $16.86.

Sierra Wireless (NASDAQ:SWIR – Get Rating) (TSE:SW) last issued its earnings results on Tuesday, February 22nd. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.13. Sierra Wireless had a negative net margin of 18.81% and a negative return on equity of 16.11%. The firm had revenue of $149.91 million during the quarter, compared to analysts’ expectations of $123.58 million. During the same quarter last year, the company posted ($0.33) earnings per share. On average, sell-side analysts expect that Sierra Wireless will post -0.27 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC increased its position in Sierra Wireless by 492.1% during the first quarter. FMR LLC now owns 358,200 shares of the communications equipment provider’s stock worth $4,423,000 after buying an additional 297,700 shares during the period. First Trust Advisors LP acquired a new position in Sierra Wireless during the first quarter worth approximately $220,000. Morgan Stanley increased its position in Sierra Wireless by 117.6% during the second quarter. Morgan Stanley now owns 58,373 shares of the communications equipment provider’s stock worth $1,109,000 after buying an additional 31,553 shares during the period. Invesco Ltd. acquired a new position in Sierra Wireless during the second quarter worth approximately $238,000. Finally, Advisor Group Holdings Inc. increased its position in Sierra Wireless by 10.0% during the third quarter. Advisor Group Holdings Inc. now owns 6,839 shares of the communications equipment provider’s stock worth $107,000 after buying an additional 622 shares during the period. Hedge funds and other institutional investors own 63.69% of the company’s stock.

Sierra Wireless Company Profile (Get Rating)

Sierra Wireless, Inc, together with its subsidiaries, provides device-to-cloud Internet of Things (IoT) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, IoT Solutions and Enterprise Solutions. The IoT Solutions segment offers cellular wireless IoT modules that provides original equipment manufacturers (OEMs) with 5G, 4G LTE, third generation/second generation, low power wide area, Wi-Fi, Bluetooth, and global navigation satellite system connectivity; embedded broadband solutions, including industrial-grade modules, which offers speed, bandwidth, and network performance for connecting to 5G and 4G networks; and IoT connectivity services.

Read More

Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

Want More Great Investing Ideas?

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.