Sierra Wireless Price Target Increased to $28.00 by Analysts at RBC Capital (SWIR)
Investment analysts at RBC Capital raised their target price on shares of Sierra Wireless (NASDAQ:SWIR) from $20.00 to $28.00 in a note issued to investors on Friday, Analyst Ratings News reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price indicates a potential upside of 7.44% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stephens downgraded shares of Sierra Wireless from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday. Separately, analysts at TD Securities initiated coverage on shares of Sierra Wireless in a research note to investors on Monday, November 25th. They set a “hold” rating on the stock. Finally, analysts at Paradigm Capital raised their price target on shares of Sierra Wireless from $17.00 to $24.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.71.
Sierra Wireless (NASDAQ:SWIR) opened at 26.06 on Friday. Sierra Wireless has a one year low of $7.63 and a one year high of $26.34. The stock has a 50-day moving average of $20. and a 200-day moving average of $15.95. The company has a market cap of $787.6 million and a P/E ratio of 9.82.
Sierra Wireless (NASDAQ:SWIR) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.04. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $113.53 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis.
Sierra Wireless, Inc (NASDAQ:SWIR) is engaged in the development of wireless technologies and solutions.
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