Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) has been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $3.15.

WPRT has been the subject of several recent analyst reports. BidaskClub upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. HC Wainwright set a $5.00 target price on Westport Fuel Systems and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Zacks Investment Research upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a research note on Thursday, July 13th. Lake Street Capital boosted their target price on Westport Fuel Systems from $3.00 to $5.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, ValuEngine upgraded Westport Fuel Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th.

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Westport Fuel Systems (WPRT) opened at 3.59 on Friday. Westport Fuel Systems has a 12-month low of $0.82 and a 12-month high of $3.64. The stock’s 50 day moving average is $2.77 and its 200 day moving average is $1.88. The firm’s market cap is $468.14 million.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last posted its earnings results on Monday, August 14th. The auto parts company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.03. The firm had revenue of $62.10 million during the quarter, compared to analysts’ expectations 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 firm’s revenue was up 66.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 earnings per share. On average, equities research analysts expect that Westport Fuel Systems will post ($0.49) EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WPRT. Wells Fargo & Company MN increased its position in Westport Fuel Systems by 496.2% during the first 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. KCG Holdings Inc. increased its position in Westport Fuel Systems by 313.2% during the first 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. Northern Trust Corp increased its position in Westport Fuel Systems by 0.5% during the second quarter. Northern Trust Corp now owns 68,774 shares of the auto parts company’s stock worth $161,000 after buying an additional 346 shares during the period. Royal Bank of Canada increased its position in Westport Fuel Systems by 0.5% during the second quarter. Royal Bank of Canada now owns 72,049 shares of the auto parts company’s stock worth $169,000 after buying an additional 375 shares during the period. Finally, US Bancorp DE increased its position in Westport Fuel Systems by 62.7% during the first 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. 9.35% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Westport Fuel Systems (NASDAQ:WPRT)

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