Sierra Wireless Inc. (NASDAQ:SWIR) (TSE:SW)‘s stock had its “hold” rating reissued by analysts at BMO Capital Markets in a report issued on Sunday.
SWIR has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Sierra Wireless from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $20.00 price objective on shares of Sierra Wireless in a research note on Tuesday, November 1st. Jefferies Group reaffirmed a “hold” rating and issued a $13.50 price objective on shares of Sierra Wireless in a research note on Friday, November 4th. Canaccord Genuity reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Sierra Wireless in a research note on Monday, September 12th. Finally, National Bank Financial began coverage on shares of Sierra Wireless in a research note on Tuesday, September 27th. They issued a “sector perform” rating and a $16.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $16.95.
Shares of Sierra Wireless (NASDAQ:SWIR) traded down 0.63% during mid-day trading on Friday, reaching $15.65. 121,560 shares of the company were exchanged. The company’s market capitalization is $501.60 billion. The firm’s 50-day moving average is $14.32 and its 200-day moving average is $15.93. Sierra Wireless has a 12 month low of $9.69 and a 12 month high of $20.28.
Sierra Wireless (NASDAQ:SWIR) last issued its earnings results on Thursday, November 3rd. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.04. The firm earned $153.60 million during the quarter, compared to analysts’ expectations of $150.80 million. Sierra Wireless had a negative net margin of 0.12% and a positive return on equity of 1.70%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. On average, equities analysts forecast that Sierra Wireless will post $0.57 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley increased its position in Sierra Wireless by 21.7% in the fourth quarter. Morgan Stanley now owns 111,992 shares of the company’s stock worth $1,763,000 after buying an additional 19,965 shares in the last quarter. Baker Chad R purchased a new position in Sierra Wireless during the fourth quarter worth about $2,451,000. Assetmark purchased a new position in Sierra Wireless during the third quarter worth about $727,000. Aperio Group LLC purchased a new position in Sierra Wireless during the first quarter worth about $372,000. Finally, Edmond DE Rothschild Holding S.A. raised its position in Sierra Wireless by 35.5% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 45,800 shares of the company’s stock worth $666,000 after buying an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 20.60% of the company’s stock.
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