Westport Innovations Hits New 12-Month Low at $13.56 (WPRT)
Shares of Westport Innovations (NASDAQ:WPRT) hit a new 52-week low during mid-day trading on Monday , Analyst RN reports. The stock traded as low as $13.56 and last traded at $13.63, with a volume of 588,009 shares changing hands. The stock had previously closed at $14.03.
A number of analysts have recently weighed in on WPRT shares. Analysts at RBC Capital cut their price target on shares of Westport Innovations from $27.00 to $23.00 in a research note on Thursday, February 27th. They now have a “sector perform” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Westport Innovations from $28.00 to $20.00 in a research note on Thursday, February 27th. They now have a “hold” rating on the stock. Finally, analysts at Northland Securities cut their price target on shares of Westport Innovations from $24.00 to $17.00 in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.22.
The stock’s 50-day moving average is $16.15 and its 200-day moving average is $20.1. The company’s market cap is $865.3 million.
Westport Innovations (NASDAQ:WPRT) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.51) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.48) by $0.03. The company had revenue of $52.60 million for the quarter, compared to the consensus estimate of $50.77 million. During the same quarter last year, the company posted ($0.64) earnings per share. Westport Innovations’s revenue was up 31.8% compared to the same quarter last year. On average, analysts predict that Westport Innovations will post $-1.42 earnings per share for the current fiscal year.
Westport Innovations Inc (NASDAQ:WPRT) is a provider of engine and fuel system technologies utilizing gaseous fuels.
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