Shares of Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) have been given a consensus recommendation of “Hold” by the six research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$31.60.
Several research firms have commented on SW. Raymond James Financial raised shares of Sierra Wireless from a “market perform” rating to an “outperform” rating and set a C$38.00 price objective for the company in a research note on Monday, November 27th. TD Securities decreased their target price on Sierra Wireless to C$36.00 and set a “hold” rating for the company in a research report on Friday, November 3rd.
Sierra Wireless (TSE SW) traded up C$0.46 during midday trading on Wednesday, reaching C$24.93. 86,500 shares of the company’s stock traded hands, compared to its average volume of 108,820. The stock has a market capitalization of $802.89, a price-to-earnings ratio of 28.66 and a beta of 2.88. Sierra Wireless has a 52 week low of C$20.99 and a 52 week high of C$43.16.
Sierra Wireless (TSE:SW) (NASDAQ:SWIR) last posted its quarterly earnings data on Thursday, November 2nd. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.16 by C($0.06). Sierra Wireless had a return on equity of 1.28% and a net margin of 0.71%.
In other Sierra Wireless news, Director Kent Paul Thexton bought 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average cost of C$24.55 per share, for a total transaction of C$49,100.00. Also, insider Bill Gary Dodson sold 1,203 shares of Sierra Wireless stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of C$26.00, for a total value of C$31,278.00. Over the last quarter, insiders have sold 13,250 shares of company stock valued at $272,917.
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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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