Sierra Wireless (TSE:SW) PT Raised to C$20.00 at Raymond James

Sierra Wireless (TSE:SW – Get Rating) (NASDAQ:SWIR) had its target price hoisted by stock analysts at Raymond James from C$18.00 to C$20.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ price target indicates a potential downside of 24.84% from the stock’s current price.

A number of other equities analysts have also weighed in on SW. B. Riley increased their price target on Sierra Wireless to C$27.50 and gave the company a “buy” rating in a research report on Thursday. Colliers Securities reissued a “buy” rating and issued a C$25.00 target price on shares of Sierra Wireless in a research report on Wednesday, February 23rd. Finally, William Blair assumed coverage on shares of Sierra Wireless in a report on Tuesday, April 19th. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$23.13.

Shares of TSE:SW opened at C$26.61 on Thursday. The company has a debt-to-equity ratio of 9.77, a quick ratio of 0.84 and a current ratio of 1.39. The stock has a market capitalization of C$1.02 billion and a price-to-earnings ratio of -8.57. Sierra Wireless has a 1-year low of C$16.85 and a 1-year high of C$26.64. The company has a 50 day moving average price of C$21.94 and a 200 day moving average price of C$21.36.

Sierra Wireless (TSE:SW – Get Rating) (NASDAQ:SWIR) last released its quarterly earnings data on Tuesday, February 22nd. The company reported C($0.15) earnings per share for the quarter, topping the consensus estimate of C($0.31) by C$0.16. The company had revenue of C$189.00 million for the quarter, compared to the consensus estimate of C$153.91 million. On average, sell-side analysts expect that Sierra Wireless will post 0.7099999 EPS for the current fiscal year.

About Sierra Wireless (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.

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