Westport Innovations Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:WPRT)
Westport Innovations (NASDAQ:WPRT) has received a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, Analyst Ratings Network.com reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $18.75.
Shares of Westport Innovations (NASDAQ:WPRT) traded down 0.61% on Thursday, hitting $14.55. The stock had a trading volume of 82,906 shares. Westport Innovations has a 1-year low of $12.42 and a 1-year high of $29.48. The stock has a 50-day moving average of $17.02 and a 200-day moving average of $15.90. The company’s market cap is $918.6 million.
Westport Innovations (NASDAQ:WPRT) last announced its earnings results on Thursday, July 31st. The company reported ($0.56) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.41) by $0.15. The company had revenue of $40.00 million for the quarter, compared to the consensus estimate of $44.83 million. During the same quarter last year, the company posted ($0.61) earnings per share. Westport Innovations’s revenue was up 14.6% compared to the same quarter last year. On average, analysts predict that Westport Innovations will post $-1.55 earnings per share for the current fiscal year.
A number of research firms have recently commented on WPRT. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Westport Innovations in a research note on Friday, August 1st. They now have a $20.00 price target on the stock. Analysts at Canaccord Genuity raised their price target on shares of Westport Innovations from $15.00 to $17.00 in a research note on Friday, August 1st.
Westport Innovations Inc (NASDAQ:WPRT) is a provider of engine and fuel system technologies utilizing gaseous fuels.
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