Shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) have received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $2.78.

A number of analysts recently commented on the company. ValuEngine cut Westport Fuel Systems from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. CIBC assumed coverage on Westport Fuel Systems in a research report on Thursday, August 17th. They set an “outperform” rating and a $3.00 price objective for the company. BidaskClub upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Oppenheimer Holdings, Inc. assumed coverage on Westport Fuel Systems in a research report on Wednesday, August 16th. They set an “outperform” rating and a $3.00 price objective for the company. Finally, Zacks Investment Research upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a research report on Thursday, July 13th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp grew its holdings in Westport Fuel Systems by 0.5% in 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 during the period. Royal Bank of Canada grew its holdings 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 buying an additional 375 shares during the period. Royce & Associates LP grew its holdings in Westport Fuel Systems by 1.0% in the 1st quarter. Royce & Associates LP now owns 5,391,983 shares of the auto parts company’s stock valued at $5,176,000 after buying an additional 52,500 shares during the period. Wells Fargo & Company MN grew its holdings in Westport Fuel Systems by 496.2% in the 1st quarter. Wells Fargo & Company MN now owns 108,054 shares of the auto parts company’s stock valued at $103,000 after buying an additional 89,931 shares during the period. Finally, KCG Holdings Inc. grew its holdings in Westport Fuel Systems by 313.2% in the 1st quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock valued at $122,000 after buying an additional 96,365 shares during the period. Institutional investors own 9.38% of the company’s stock.

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Westport Fuel Systems (WPRT) opened at 2.77 on Monday. Westport Fuel Systems has a 12 month low of $0.82 and a 12 month high of $2.85. The firm’s market cap is $361.21 million. The stock’s 50 day moving average is $2.10 and its 200 day moving average is $1.60.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last released its quarterly earnings results on Monday, August 14th. The auto parts company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.03. The business had revenue of $62.10 million during the quarter, compared to the consensus estimate of $58.44 million. Westport Fuel Systems had a negative return on equity of 65.98% and a negative net margin of 20.37%. The business’s revenue was up 66.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS. On average, equities analysts forecast that Westport Fuel Systems will post ($0.49) earnings per share for the current year.

Westport Fuel Systems Company Profile

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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