Sierra Wireless (SWIR) Downgraded to Sell at ValuEngine

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other equities research analysts also recently issued reports on SWIR. BidaskClub upgraded Sierra Wireless from a “strong sell” rating to a “sell” rating in a report on Friday, July 13th. National Bank Financial lowered their target price on Sierra Wireless from $22.00 to $20.00 and set a “$16.55” rating for the company in a research note on Monday, July 23rd. Royal Bank of Canada lowered their target price on Sierra Wireless from $23.00 to $20.00 and set a “sector perform” rating for the company in a research note on Monday, July 30th. CIBC raised Sierra Wireless from a “sector underperform” rating to a “neutral” rating in a research note on Friday, August 3rd. Finally, Canaccord Genuity reissued a “buy” rating on shares of Sierra Wireless in a research note on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Sierra Wireless presently has a consensus rating of “Hold” and a consensus target price of $23.22.

SWIR stock opened at $16.02 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.33 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $684.91 million, a P/E ratio of 27.62, a PEG ratio of 2.36 and a beta of 2.70. Sierra Wireless has a 12-month low of $15.10 and a 12-month high of $23.45.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last posted its quarterly earnings data on Thursday, November 8th. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The firm had revenue of $203.40 million for the quarter, compared to the consensus estimate of $202.20 million. Sierra Wireless had a positive return on equity of 1.73% and a negative net margin of 2.96%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS. On average, research analysts expect that Sierra Wireless will post 0.67 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brand Asset Management Group Inc. acquired a new position in shares of Sierra Wireless during the 2nd quarter worth about $165,000. People s United Financial Inc. acquired a new position in shares of Sierra Wireless during the 2nd quarter worth about $179,000. Insight 2811 Inc. acquired a new position in shares of Sierra Wireless during the 3rd quarter worth about $202,000. Tower Research Capital LLC TRC boosted its position in shares of Sierra Wireless by 436.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,799 shares of the communications equipment provider’s stock worth $205,000 after acquiring an additional 10,413 shares in the last quarter. Finally, Brandes Investment Partners LP acquired a new position in shares of Sierra Wireless during the 2nd quarter worth about $284,000. 25.59% of the stock is owned by hedge funds and other institutional investors.

Sierra Wireless Company Profile

Sierra Wireless, Inc, together with its subsidiaries, engages in building the Internet of Things (IoT) with intelligent wireless solutions in North America, Europe, and the Asia Pacific. It operates in three segments: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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