Shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) have been assigned an average rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three 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 $5.00.
A number of equities research analysts have issued reports on WPRT shares. HC Wainwright started coverage on Westport Fuel Systems in a research note on Thursday, September 20th. They issued a “buy” rating and a $6.00 price target for the company. Zacks Investment Research lowered Westport Fuel Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, September 5th. Lake Street Capital increased their price target on Westport Fuel Systems from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Finally, BidaskClub lowered Westport Fuel Systems from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WPRT. Virtu Financial LLC bought a new position in shares of Westport Fuel Systems during the 3rd quarter valued at about $126,000. Oppenheimer & Co. Inc. bought a new position in shares of Westport Fuel Systems during the 2nd quarter valued at about $151,000. Worth Venture Partners LLC bought a new position in shares of Westport Fuel Systems during the 3rd quarter valued at about $300,000. Granite Investment Partners LLC bought a new position in shares of Westport Fuel Systems during the 2nd quarter valued at about $342,000. Finally, Marathon Capital Management boosted its holdings in shares of Westport Fuel Systems by 48.3% during the 3rd quarter. Marathon Capital Management now owns 123,445 shares of the auto parts company’s stock valued at $370,000 after purchasing an additional 40,220 shares during the last quarter. 25.90% of the stock is owned by institutional investors and hedge funds.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last issued its quarterly earnings results on Thursday, November 8th. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.04). Westport Fuel Systems had a negative return on equity of 40.56% and a negative net margin of 13.13%. The business had revenue of $65.50 million during the quarter, compared to analysts’ expectations of $59.52 million. During the same quarter in the previous year, the company posted ($0.15) EPS. The company’s quarterly revenue was up 16.1% on a year-over-year basis. Analysts expect that Westport Fuel Systems will post -0.25 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.
Featured Article: How to calculate compound interest
Receive News & Ratings for Westport Fuel Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westport Fuel Systems and related companies with MarketBeat.com's FREE daily email newsletter.