Westport Fuel Systems Inc (WPRT) Given Consensus Recommendation of “Hold” by Brokerages

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Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) has been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $4.70.

WPRT has been the topic of several recent analyst reports. Zacks Investment Research lowered Westport Fuel Systems from a “hold” rating to a “sell” rating in a report on Wednesday, September 5th. Lake Street Capital upped their price objective on shares of Westport Fuel Systems from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. HC Wainwright began coverage on shares of Westport Fuel Systems in a research note on Thursday, September 20th. They issued a “buy” rating and a $6.00 price objective for the company. Finally, BidaskClub upgraded shares of Westport Fuel Systems from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 14th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WPRT. Trellus Management Company LLC boosted its stake in Westport Fuel Systems by 18.8% in the second quarter. Trellus Management Company LLC now owns 190,000 shares of the auto parts company’s stock valued at $481,000 after acquiring an additional 30,000 shares in the last quarter. Granite Investment Partners LLC acquired a new position in Westport Fuel Systems in the second quarter valued at $342,000. Paradigm Capital Management Inc. NY boosted its stake in Westport Fuel Systems by 229.2% in the second quarter. Paradigm Capital Management Inc. NY now owns 657,530 shares of the auto parts company’s stock valued at $1,663,000 after acquiring an additional 457,780 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in Westport Fuel Systems in the second quarter valued at $151,000. Finally, Cortina Asset Management LLC boosted its stake in Westport Fuel Systems by 20.6% in the second quarter. Cortina Asset Management LLC now owns 1,928,576 shares of the auto parts company’s stock valued at $4,879,000 after acquiring an additional 330,047 shares in the last quarter. Institutional investors own 22.51% of the company’s stock.

NASDAQ:WPRT traded up $0.07 during trading hours on Friday, hitting $3.00. The company’s stock had a trading volume of 459,200 shares, compared to its average volume of 672,870. The firm has a market capitalization of $401.78 million, a PE ratio of -6.77 and a beta of 2.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.52 and a quick ratio of 1.14. Westport Fuel Systems has a 52-week low of $2.10 and a 52-week high of $4.33.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last posted its earnings results on Thursday, August 9th. The auto parts company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). The firm had revenue of $80.49 million for the quarter, compared to analyst estimates of $64.50 million. Westport Fuel Systems had a negative return on equity of 40.52% and a negative net margin of 17.94%. equities analysts anticipate that Westport Fuel Systems will post -0.24 EPS for the current year.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation and industrial markets worldwide. It operates through Transportation and Cummins Westport Inc Joint Venture segments. The company designs, manufactures, and sells compressed natural gas (CNG) and liquid petroleum gas (LPG) components and systems, such as pressure regulators, injectors, electronic control units, valves, and filters, as well as bi-fuel, mono-fuel, and dual-fuel LPG and CNG conversion kits for passenger cars, light-duty trucks, and medium-duty vehicles, including original engine manufacture (OEM), delayed OEM, and aftermarket segments.

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Analyst Recommendations for Westport Fuel Systems (NASDAQ:WPRT)

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