Sierra Wireless PT Raised to $22.00 (SWIR)
Canaccord Genuity boosted their price target on shares of Sierra Wireless (NASDAQ:SWIR) from $16.00 to $22.00 in a research note issued on Monday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 12.53% from the stock’s previous close.
Shares of Sierra Wireless (NASDAQ:SWIR) traded up 11.46% on Monday, hitting $19.55. The stock had a trading volume of 1,061,245 shares. Sierra Wireless has a 52 week low of $7.42 and a 52 week high of $18.28. The stock’s 50-day moving average is $14.2 and its 200-day moving average is $12.51. The company has a market cap of $593.3 million and a price-to-earnings ratio of 6.86.
Sierra Wireless (NASDAQ:SWIR) last issued its quarterly earnings data 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 $0.20 earnings per share for the current fiscal year.
A number of other firms have also recently commented on SWIR. Analysts at RBC Capital raised their price target on shares of Sierra Wireless from $16.00 to $20.00 in a research note to investors on Wednesday, October 9th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.39.
Sierra Wireless, Inc (NASDAQ:SWIR) is engaged in the development of wireless technologies and solutions.
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