ValuEngine upgraded shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) from a sell rating to a hold rating in a report released on Wednesday morning.
Other equities analysts have also recently issued research reports about the stock. Cowen and Company set a $2.00 price objective on shares of Westport Fuel Systems and gave the stock a hold rating in a research note on Monday, August 14th. HC Wainwright set a $5.00 price objective on shares of Westport Fuel Systems and gave the stock a buy rating in a research note on Tuesday. Finally, Zacks Investment Research cut shares of Westport Fuel Systems from a buy rating to a hold rating in a research note on Monday, July 17th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $2.69.
Shares of Westport Fuel Systems (NASDAQ WPRT) opened at 2.29 on Wednesday. Westport Fuel Systems has a 12 month low of $0.82 and a 12 month high of $2.65. The company’s market cap is $298.62 million. The firm has a 50-day moving average of $1.87 and a 200 day moving average of $1.47.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last issued its quarterly earnings data on Monday, August 14th. The auto parts company reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.03. Westport Fuel Systems had a negative net margin of 20.37% and a negative return on equity of 65.98%. The firm had revenue of $62.10 million for the quarter, compared to analysts’ expectations of $58.44 million. During the same quarter in the prior year, the business earned $0.05 EPS. The business’s quarterly revenue was up 66.9% on a year-over-year basis. On average, analysts expect that Westport Fuel Systems will post ($0.49) earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in Westport Fuel Systems by 0.5% in the second quarter. Royal Bank of Canada now owns 72,049 shares of the auto parts company’s stock worth $169,000 after buying an additional 375 shares during the last quarter. Northern Trust Corp boosted its stake in Westport Fuel Systems by 0.5% in the second quarter. Northern Trust Corp now owns 68,774 shares of the auto parts company’s stock worth $161,000 after buying an additional 346 shares during the last quarter. Paradigm Capital Management Inc. NY purchased a new stake in Westport Fuel Systems during the second quarter worth approximately $1,176,000. Royce & Associates LP boosted its stake in Westport Fuel Systems by 1.4% in the second quarter. Royce & Associates LP now owns 5,464,983 shares of the auto parts company’s stock worth $12,843,000 after buying an additional 73,000 shares during the last quarter. Finally, KCG Holdings Inc. boosted its stake in Westport Fuel Systems by 313.2% in the first quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock worth $122,000 after buying an additional 96,365 shares during the last quarter. Institutional investors own 9.40% of the company’s stock.
Westport Fuel Systems Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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