Sierra Wireless PT Raised to $20.00 at RBC Capital (SWIR)
Analysts at RBC Capital hoisted their price objective on shares of Sierra Wireless (NASDAQ:SWIR) from $16.00 to $20.00 in a research report issued to clients and investors on Wednesday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would suggest a potential upside of 13.70% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Stephens initiated coverage on shares of Sierra Wireless in a research note to investors on Tuesday, September 24th. They set an “overweight” rating and a $18.00 price target on the stock. Separately, analysts at Salman Partners upgraded shares of Sierra Wireless 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. Finally, analysts at Scotiabank raised their price target on shares of Sierra Wireless from $11.05 to $13.00 in a research note to investors on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $14.50.
Shares of Sierra Wireless (NASDAQ:SWIR) traded up 6.35% during mid-day trading on Wednesday, hitting $17.59. 805,398 shares of the company’s stock traded hands. Sierra Wireless has a one year low of $7.42 and a one year high of $18.28. The stock’s 50-day moving average is $13.82 and its 200-day moving average is $12.39. The company has a market cap of $533.8 million and a P/E ratio of 6.47.
Sierra Wireless (NASDAQ:SWIR) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters 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. Analysts expect that Sierra Wireless will post $0.20 EPS for the current fiscal year.
Sierra Wireless, Inc (NASDAQ:SWIR) is engaged in the development of wireless technologies and solutions.
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