Analysts Set Westport Fuel Systems Inc (WPRT) Target Price at $4.70

Shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) have received an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $4.70.

A number of research analysts have weighed in on the company. HC Wainwright assumed coverage on Westport Fuel Systems in a report on Thursday, September 20th. They issued a “buy” rating and a $6.00 target price on the stock. BidaskClub cut Westport Fuel Systems from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 26th. Zacks Investment Research upgraded Westport Fuel Systems from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Finally, Lake Street Capital upped their price target on Westport Fuel Systems from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th.

WPRT stock traded down $0.08 during trading on Friday, reaching $2.20. The stock had a trading volume of 542,748 shares, compared to its average volume of 651,919. Westport Fuel Systems has a 52 week low of $2.10 and a 52 week high of $4.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 1.55. The company has a market cap of $321.90 million, a price-to-earnings ratio of -5.00 and a beta of 2.38.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last posted its earnings results on Thursday, November 8th. The auto parts company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). Westport Fuel Systems had a negative net margin of 13.13% and a negative return on equity of 40.56%. The firm had revenue of $65.50 million during the quarter, compared to the consensus estimate of $59.52 million. During the same period in the prior year, the company posted ($0.15) EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. Equities analysts predict that Westport Fuel Systems will post -0.25 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of WPRT. Trellus Management Company LLC increased its position 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 worth $481,000 after buying an additional 30,000 shares in the last quarter. Granite Investment Partners LLC purchased a new stake in Westport Fuel Systems in the second quarter worth about $342,000. Paradigm Capital Management Inc. NY increased its position 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 worth $1,663,000 after buying an additional 457,780 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Westport Fuel Systems in the second quarter worth about $151,000. Finally, Cortina Asset Management LLC increased its position 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 worth $4,879,000 after buying an additional 330,047 shares in the last quarter. Institutional investors and hedge funds own 23.49% of the company’s stock.

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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