Sierra Wireless, Inc. (SW) Receives Consensus Rating of “Hold” from Analysts
Shares of Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$31.60.
Several research analysts have recently commented on SW shares. TD Securities cut their price objective on Sierra Wireless to C$36.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Raymond James Financial raised Sierra Wireless from a “market perform” rating to an “outperform” rating and set a C$38.00 price objective for the company in a report on Monday, November 27th.
In other news, Director Kent Paul Thexton bought 2,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average price of C$24.55 per share, with a total value of C$49,100.00. Also, Director Jason W. Cohenour sold 5,649 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of C$19.03, for a total value of C$107,500.47. In the last ninety days, insiders sold 13,250 shares of company stock valued at $272,917.
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.
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