Sierra Wireless (NASDAQ:SWIR) (TSE:SW) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.
A number of other equities analysts have also recently commented on SWIR. Scotiabank lifted their target price on shares of Sierra Wireless from $23.00 to $31.00 and gave the company a “sector perform” rating in a report on Friday, November 3rd. TD Securities cut their target price on shares of Sierra Wireless from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Northland Securities reaffirmed a “hold” rating and issued a $26.00 target price on shares of Sierra Wireless in a report on Friday, November 3rd. BMO Capital Markets reissued a “hold” rating and issued a $26.00 price objective on shares of Sierra Wireless in a research note on Monday, November 6th. Finally, Raymond James Financial raised shares of Sierra Wireless from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Monday, November 27th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.45.
Shares of Sierra Wireless (SWIR) traded down $2.55 during trading hours on Thursday, hitting $15.75. 2,346,372 shares of the stock traded hands, compared to its average volume of 398,614. The stock has a market cap of $507.46, a P/E ratio of 121.15 and a beta of 2.71. The company has a quick ratio of 1.54, a current ratio of 1.92 and a debt-to-equity ratio of 0.09. Sierra Wireless has a twelve month low of $15.10 and a twelve month high of $31.95.
About Sierra Wireless
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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