BidaskClub upgraded shares of Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) from a sell rating to a hold rating in a report issued on Wednesday, December 27th.
Several other research firms also recently commented on WPRT. Zacks Investment Research raised Westport Fuel Systems from a hold rating to a buy rating and set a $4.25 target price on the stock in a report on Thursday, October 12th. Lake Street Capital boosted their target price on Westport Fuel Systems from $3.00 to $5.00 and gave the stock a hold rating in a report on Thursday, October 5th. Oppenheimer upped their price target on Westport Fuel Systems from $3.00 to $3.50 and gave the company an outperform rating in a report on Wednesday, November 15th. Craig Hallum set a $5.00 price target on Westport Fuel Systems and gave the company a buy rating in a report on Friday, December 22nd. Finally, ValuEngine downgraded Westport Fuel Systems from a hold rating to a sell rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $3.58.
Shares of Westport Fuel Systems (WPRT) traded up $0.08 during mid-day trading on Wednesday, reaching $3.80. The company had a trading volume of 399,619 shares, compared to its average volume of 1,219,427. The stock has a market capitalization of $484.72, a PE ratio of -3.22 and a beta of 2.14. Westport Fuel Systems has a 12 month low of $0.82 and a 12 month high of $4.33. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.13 and a current ratio of 1.62.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last released its earnings results on Tuesday, November 14th. The auto parts company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.03. Westport Fuel Systems had a negative return on equity of 64.05% and a negative net margin of 14.85%. The business had revenue of $60.80 million for the quarter, compared to the consensus estimate of $51.91 million. During the same period in the previous year, the company posted ($0.30) earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. equities research analysts predict that Westport Fuel Systems will post -0.49 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of WPRT. Royce & Associates LP increased its position in Westport Fuel Systems by 1.4% during the second quarter. Royce & Associates LP now owns 5,464,983 shares of the auto parts company’s stock valued at $12,843,000 after acquiring an additional 73,000 shares during the last quarter. Paradigm Capital Management Inc. NY purchased a new stake in Westport Fuel Systems during the second quarter valued at $1,176,000. Northern Trust Corp increased its position in Westport Fuel Systems by 0.5% during the second quarter. Northern Trust Corp now owns 68,774 shares of the auto parts company’s stock valued at $161,000 after acquiring an additional 346 shares during the last quarter. Royal Bank of Canada increased its position 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 in the last quarter. Finally, Hood River Capital Management LLC purchased a new stake in Westport Fuel Systems in the third quarter worth about $7,936,000. Institutional investors own 15.94% of the company’s stock.
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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.
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