Sierra Wireless Coverage Initiated at Stephens (SWIR)
Stock analysts at Stephens assumed coverage on shares of Sierra Wireless (NASDAQ:SWIR) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.
Shares of Sierra Wireless (NASDAQ:SWIR) opened at 14.26 on Tuesday. Sierra Wireless has a 52 week low of $7.42 and a 52 week high of $15.70. The stock’s 50-day moving average is $12.78 and its 200-day moving average is $11.. The company has a market cap of $432.7 million and a P/E ratio of 5.57.
Sierra Wireless (NASDAQ:SWIR) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $109.60 million for the quarter, compared to the consensus estimate of $109.00 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, analysts predict that Sierra Wireless will post $0.21 earnings per share for the current fiscal year.
A number of other firms have also recently commented on SWIR. Analysts at Salman Partners upgraded shares of Sierra Wireless (NASDAQ:SWIR) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, August 7th. They now have a $16.75 price target on the stock, up previously from $10.10. Separately, analysts at Scotiabank raised their price target on shares of Sierra Wireless (NASDAQ:SWIR) from $11.05 to $13.00 in a research note to investors on Wednesday, July 31st. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Sierra Wireless (NASDAQ:SWIR) in a research note to investors on Wednesday, July 17th. They now have a $14.00 price target on the stock, down previously from $16.00.
Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Sierra Wireless presently has a consensus rating of “Buy” and an average target price of $13.31.
Sierra Wireless, Inc (NASDAQ:SWIR) is engaged in the development of wireless technologies and solutions.
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