Shares of Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) have been given a consensus rating of “Hold” by the fifteen analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $24.81.

SWIR has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Sierra Wireless from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Thursday, May 11th. TheStreet lowered shares of Sierra Wireless from a “b-” rating to a “c” rating in a report on Thursday, May 4th. TD Securities initiated coverage on shares of Sierra Wireless in a report on Tuesday, May 30th. They set a “hold” rating for the company. BMO Capital Markets set a $30.00 price target on shares of Sierra Wireless and gave the stock a “hold” rating in a report on Saturday, May 6th. Finally, Benchmark Co. initiated coverage on shares of Sierra Wireless in a report on Tuesday, April 25th. They set a “hold” rating for the company. They noted that the move was a valuation call.

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Shares of Sierra Wireless (NASDAQ SWIR) traded up 4.20% on Monday, reaching $31.00. 171,778 shares of the company were exchanged. The company’s 50-day moving average price is $29.03 and its 200 day moving average price is $25.56. The company has a market cap of $989.37 million, a price-to-earnings ratio of 68.58 and a beta of 3.02. Sierra Wireless has a 12 month low of $12.30 and a 12 month high of $31.95.

Several hedge funds have recently made changes to their positions in SWIR. Creative Planning increased its stake in shares of Sierra Wireless by 13.0% in the second quarter. Creative Planning now owns 6,880 shares of the communications equipment provider’s stock valued at $193,000 after buying an additional 790 shares during the period. NEXT Financial Group Inc increased its stake in shares of Sierra Wireless by 33.6% in the second quarter. NEXT Financial Group Inc now owns 15,179 shares of the communications equipment provider’s stock valued at $427,000 after buying an additional 3,817 shares during the period. Fox Run Management L.L.C. increased its stake in shares of Sierra Wireless by 38.8% in the second quarter. Fox Run Management L.L.C. now owns 11,800 shares of the communications equipment provider’s stock valued at $332,000 after buying an additional 3,300 shares during the period. HighTower Advisors LLC bought a new stake in shares of Sierra Wireless during the first quarter valued at approximately $200,000. Finally, Jane Street Group LLC increased its stake in shares of Sierra Wireless by 8.9% in the first quarter. Jane Street Group LLC now owns 18,583 shares of the communications equipment provider’s stock valued at $493,000 after buying an additional 1,512 shares during the period. 24.46% of the stock is owned by institutional investors.

Sierra Wireless Company Profile

Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.

Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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