Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) had its price objective upped by analysts at Lake Street Capital from $3.00 to $5.00 in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the auto parts company’s stock. Lake Street Capital’s target price would indicate a potential upside of 39.28% from the stock’s previous close. Lake Street Capital also issued estimates for Westport Fuel Systems’ Q1 2018 earnings at ($0.08) EPS, Q2 2018 earnings at ($0.07) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.03) EPS and FY2021 earnings at $0.19 EPS.

A number of other analysts also recently commented on WPRT. ValuEngine upgraded Westport Fuel Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. 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. Cowen and Company reiterated a “hold” rating and issued a $1.50 price objective on shares of Westport Fuel Systems in a research report on Friday, July 14th. HC Wainwright set a $5.00 price objective on Westport Fuel Systems and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Finally, Oppenheimer Holdings, Inc. initiated coverage on Westport Fuel Systems in a research report on Wednesday, August 16th. They issued an “outperform” rating and a $3.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $3.02.

Shares of Westport Fuel Systems (WPRT) opened at 3.59 on Thursday. Westport Fuel Systems has a 52-week low of $0.82 and a 52-week high of $3.64. The company’s 50 day moving average price is $2.77 and its 200 day moving average price is $1.88. The firm’s market capitalization is $468.14 million.

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

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Several institutional investors have recently bought and sold shares of WPRT. Wells Fargo & Company MN lifted its position in shares of Westport Fuel Systems by 496.2% during the 1st quarter. Wells Fargo & Company MN now owns 108,054 shares of the auto parts company’s stock worth $103,000 after buying an additional 89,931 shares during the period. US Bancorp DE lifted its position in shares of Westport Fuel Systems by 62.7% during the 1st quarter. US Bancorp DE now owns 250,200 shares of the auto parts company’s stock worth $240,000 after buying an additional 96,401 shares during the period. Royce & Associates LP lifted its position in shares of Westport Fuel Systems by 1.0% during the 1st quarter. Royce & Associates LP now owns 5,391,983 shares of the auto parts company’s stock worth $5,176,000 after buying an additional 52,500 shares during the period. KCG Holdings Inc. lifted its position in shares of Westport Fuel Systems by 313.2% during the 1st quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock worth $122,000 after buying an additional 96,365 shares during the period. Finally, Paradigm Capital Management Inc. NY bought a new position in shares of Westport Fuel Systems during the 2nd quarter worth approximately $1,176,000. Institutional investors and hedge funds own 9.35% of the company’s stock.

About Westport Fuel Systems

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.

Analyst Recommendations for Westport Fuel Systems (NASDAQ:WPRT)

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