Shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) have received a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $3.30.

Several research firms have commented on WPRT. Cowen and Company set a $2.00 target price on shares of Westport Fuel Systems and gave the stock a “hold” rating in a research report on Monday, August 14th. Lake Street Capital boosted their target price on shares of Westport Fuel Systems from $3.00 to $5.00 and gave the stock a “hold” rating in a research report on Thursday, October 5th. CIBC began coverage on shares of Westport Fuel Systems in a research report on Thursday, August 17th. They issued an “outperform” rating and a $3.00 target price for the company. Zacks Investment Research raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research report on Thursday, October 12th. Finally, ValuEngine raised shares of Westport Fuel Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th.

Several institutional investors have recently modified their holdings of WPRT. Wells Fargo & Company MN lifted its stake in shares of Westport Fuel Systems by 496.2% in 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 last quarter. KCG Holdings Inc. lifted its stake in shares of Westport Fuel Systems by 313.2% in 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 last quarter. Northern Trust Corp lifted its stake in shares of Westport Fuel Systems by 0.5% in 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 last quarter. Royal Bank of Canada lifted its stake in shares of Westport Fuel Systems by 0.5% in 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 last quarter. Finally, Paradigm Capital Management Inc. NY acquired a new stake in shares of Westport Fuel Systems in the second quarter worth $1,176,000. Institutional investors and hedge funds own 9.36% of the company’s stock.

Westport Fuel Systems (NASDAQ WPRT) opened at 3.41 on Tuesday. Westport Fuel Systems has a 52 week low of $0.82 and a 52 week high of $4.09. The stock has a 50 day moving average of $3.26 and a 200-day moving average of $2.20. The stock’s market cap is $444.67 million.

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

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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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