Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) has been given a $5.00 target price by equities research analysts at Craig Hallum in a research report issued on Friday, December 22nd. The brokerage currently has a “buy” rating on the auto parts company’s stock. Craig Hallum’s price target points to a potential upside of 34.41% from the company’s current price.
Several other equities analysts also recently issued reports on the stock. ValuEngine downgraded shares of Westport Fuel Systems from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Oppenheimer upped their target price on Westport Fuel Systems from $3.00 to $3.50 and gave the company an “outperform” rating in a research report on Wednesday, November 15th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $5.00 target price on shares of Westport Fuel Systems in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $3.58.
Shares of Westport Fuel Systems (WPRT) opened at $3.72 on Friday. The stock has a market cap of $495.14, a price-to-earnings ratio of -9.30 and a beta of 2.14. Westport Fuel Systems has a one year low of $0.82 and a one year 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 announced its earnings results on Tuesday, November 14th. The auto parts company reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.03. The business had revenue of $60.80 million during the quarter, compared to the consensus estimate of $51.91 million. Westport Fuel Systems had a negative net margin of 14.85% and a negative return on equity of 64.05%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.30) earnings per share. sell-side analysts predict that Westport Fuel Systems will post -0.49 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Northern Trust Corp lifted its position in shares of Westport Fuel Systems by 0.5% during the 2nd quarter. Northern Trust Corp now owns 68,774 shares of the auto parts company’s stock valued at $161,000 after buying an additional 346 shares in the last quarter. Royal Bank of Canada raised its stake in Westport Fuel Systems by 0.5% in the 2nd quarter. Royal Bank of Canada now owns 72,049 shares of the auto parts company’s stock valued at $169,000 after purchasing an additional 375 shares during the last quarter. Paradigm Capital Management Inc. NY acquired a new position in Westport Fuel Systems in the 2nd quarter valued at $1,176,000. Hood River Capital Management LLC acquired a new position in Westport Fuel Systems in the 3rd quarter valued at $7,936,000. Finally, Pembroke Management LTD acquired a new position in Westport Fuel Systems in the 3rd quarter valued at $16,069,000. Hedge funds and other institutional investors own 15.94% of the company’s stock.
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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.
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