Cowen and Company reaffirmed their hold rating on shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) in a research report released on Friday, July 14th. The firm currently has a $1.50 target price on the auto parts company’s stock.
A number of other research firms have also recently issued reports on WPRT. ValuEngine raised shares of Westport Fuel Systems from a sell rating to a hold rating in a research report on Tuesday, June 27th. Zacks Investment Research raised shares of Westport Fuel Systems from a hold rating to a buy rating and set a $2.25 price objective on the stock in a research report on Thursday, July 13th. HC Wainwright reissued a buy rating and set a $5.00 price objective on shares of Westport Fuel Systems in a research report on Tuesday, March 28th. Finally, S&P Equity Research cut their price objective on shares of Westport Fuel Systems from $1.00 to $0.88 in a research report on Friday, March 24th.
Westport Fuel Systems (NASDAQ:WPRT) opened at 1.73 on Friday. The company’s market capitalization is $190.85 million. The company’s 50-day moving average price is $1.97 and its 200-day moving average price is $1.41. Westport Fuel Systems has a 52 week low of $0.82 and a 52 week high of $2.65.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last released its quarterly earnings data on Thursday, May 11th. The auto parts company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.03. The company had revenue of $60 million for the quarter, compared to analysts’ expectations of $77.71 million. Westport Fuel Systems had a negative net margin of 32.70% and a negative return on equity of 81.28%. The business’s revenue for the quarter was up 150.0% compared to the same quarter last year. On average, equities analysts forecast that Westport Fuel Systems will post ($0.47) EPS for the current fiscal year.
WARNING: This report was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://stocknewstimes.com/2017/08/05/westport-fuel-systems-inc-nasdaqwprt-stock-rating-reaffirmed-by-cowen-and-company-updated-updated.html.
A number of institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Westport Fuel Systems during the fourth quarter valued at $508,000. Wells Fargo & Company MN raised its stake in Westport Fuel Systems by 496.2% in the first quarter. Wells Fargo & Company MN now owns 108,054 shares of the auto parts company’s stock valued at $103,000 after buying an additional 89,931 shares during the period. Grace & White Inc. NY raised its stake in Westport Fuel Systems by 14.0% in the first quarter. Grace & White Inc. NY now owns 2,091,080 shares of the auto parts company’s stock valued at $2,007,000 after buying an additional 256,129 shares during the period. US Bancorp DE raised its stake in Westport Fuel Systems by 62.7% in the first quarter. US Bancorp DE now owns 250,200 shares of the auto parts company’s stock valued at $240,000 after buying an additional 96,401 shares during the period. Finally, Royce & Associates LP raised its stake in Westport Fuel Systems by 1.0% in the first quarter. Royce & Associates LP now owns 5,391,983 shares of the auto parts company’s stock valued at $5,176,000 after buying an additional 52,500 shares during the period. 11.29% of the stock is currently owned by institutional investors and hedge funds.
About Westport Fuel Systems
Westport Fuel Systems Inc, formerly Westport Innovations Inc, is a Canada-based provider of low-emission engine and fuel system technologies utilizing gaseous fuels. It operates through the Westport Operations segment. The Westport Operations segment designs, manufactures and sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas components and systems to original equipment manufacturers and to aftermarket customers.
Receive News & Ratings for Westport Fuel Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westport Fuel Systems Inc and related companies with MarketBeat.com's FREE daily email newsletter.
