Sierra Wireless (SWIR) Receives a Rating Update from a Top Analyst

In a report released yesterday, Michael Walkley from Canaccord Genuity maintained a Buy rating on Sierra Wireless (SWIRResearch Report), with a price target of $12.00. The company’s shares closed last Monday at $9.54.

According to TipRanks.com, Walkley is a top 100 analyst with an average return of 19.5% and a 66.8% success rate. Walkley covers the Consumer Goods sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Sequans Communications S A, and Digi International.

Sierra Wireless has an analyst consensus of Moderate Buy, with a price target consensus of $12.00.

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The company has a one-year high of $14.55 and a one-year low of $7.72. Currently, Sierra Wireless has an average volume of 249.4K.

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Sierra Wireless, Inc. engages in the provision of device-to-cloud and networking solutions. It operates through the following segments: Original Equipment Manufacturers (OEM) Solutions; Enterprise Solutions; and Internet-of-Things Services (IoT).