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Sierra Wireless (NASDAQ:SWIR) has been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the stock, reports. Seven analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $22.39.

A number of research firms have recently commented on SWIR. Analysts at BMO Capital Markets raised their price target on shares of Sierra Wireless from $19.00 to $20.00 in a research note on Friday. Separately, analysts at Raymond James raised their price target on shares of Sierra Wireless from $21.00 to $22.50 in a research note on Friday. Finally, analysts at Scotiabank upgraded shares of Sierra Wireless from an “underperform” rating to a “sector perform” rating in a research note on Friday.

Sierra Wireless (NASDAQ:SWIR) traded up 0.60% during mid-day trading on Monday, hitting $20.21. 172,303 shares of the company’s stock traded hands. Sierra Wireless has a 52 week low of $12.02 and a 52 week high of $26.65. The stock has a 50-day moving average of $19.76 and a 200-day moving average of $20.60. The company has a market cap of $634.6 million and a P/E ratio of 10.87.

Sierra Wireless (NASDAQ:SWIR) last announced its earnings results on Thursday, July 31st. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.01. The company had revenue of $135.01 million for the quarter, compared to the consensus estimate of $129.42 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 23.2% on a year-over-year basis. On average, analysts predict that Sierra Wireless will post $0.38 earnings per share for the current fiscal year.

Sierra Wireless, Inc (NASDAQ:SWIR) is engaged in the development of wireless technologies and solutions.

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