Westport Innovations Now Covered by Analysts at FBR Capital Markets (WPRT)
Research analysts at FBR Capital Markets started coverage on shares of Westport Innovations (NASDAQ:WPRT) in a report released on Wednesday, AmericanBankingNews.com reports. The firm set an “outperform” rating and a $25.00 price target on the stock. FBR Capital Markets’ price objective would indicate a potential upside of 48.46% from the company’s current price.
A number of other firms have also recently commented on WPRT. Analysts at Jefferies Group cut their EPS estimates on shares of Westport Innovations in a research note on Tuesday. They now have a “hold” rating on the stock. They previously had a “buy” rating and a $28.00 price target on the stock. Analysts at UBS AG initiated coverage on shares of Westport Innovations in a research note on Tuesday, December 17th. They set a “sell” rating and a $28.00 price target on the stock. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $30.11.
Shares of Westport Innovations (NASDAQ:WPRT) opened at 16.84 on Wednesday. Westport Innovations has a 52 week low of $16.03 and a 52 week high of $35.40. The stock’s 50-day moving average is $18.14 and its 200-day moving average is $22.81. The company’s market cap is $1.056 billion.
Westport Innovations Inc (NASDAQ:WPRT) is a provider of engine and fuel system technologies utilizing gaseous fuels.
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