Shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) have received an average rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $4.70.
WPRT has been the subject of a number of research analyst reports. BidaskClub upgraded Westport Fuel Systems from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 14th. Zacks Investment Research lowered Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. HC Wainwright restated a “buy” rating and set a $6.00 price objective on shares of Westport Fuel Systems in a research report on Thursday, October 11th. Finally, Lake Street Capital raised their price objective on Westport Fuel Systems from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, August 30th.
Shares of Westport Fuel Systems stock opened at $2.45 on Friday. The stock has a market cap of $333.83 million, a PE ratio of -5.57 and a beta of 2.38. The company has a quick ratio of 1.14, a current ratio of 1.52 and a debt-to-equity ratio of 0.42. Westport Fuel Systems has a twelve month low of $2.10 and a twelve month high of $4.33.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last issued its quarterly earnings data on Thursday, November 8th. The auto parts company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.04). The firm had revenue of $65.50 million for the quarter, compared to analysts’ expectations of $59.52 million. Westport Fuel Systems had a negative net margin of 17.94% and a negative return on equity of 40.52%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.15) EPS. Analysts anticipate that Westport Fuel Systems will post -0.24 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trellus Management Company LLC grew its position in Westport Fuel Systems by 18.8% in the second quarter. Trellus Management Company LLC now owns 190,000 shares of the auto parts company’s stock worth $481,000 after acquiring an additional 30,000 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in Westport Fuel Systems in the second quarter worth about $151,000. Granite Investment Partners LLC grew its position in Westport Fuel Systems by 71.9% in the third quarter. Granite Investment Partners LLC now owns 232,620 shares of the auto parts company’s stock worth $698,000 after acquiring an additional 97,334 shares in the last quarter. Ardsley Advisory Partners grew its position in Westport Fuel Systems by 42.9% in the second quarter. Ardsley Advisory Partners now owns 500,000 shares of the auto parts company’s stock worth $1,265,000 after acquiring an additional 150,000 shares in the last quarter. Finally, Cortina Asset Management LLC grew its position in Westport Fuel Systems by 20.6% in the second quarter. Cortina Asset Management LLC now owns 1,928,576 shares of the auto parts company’s stock worth $4,879,000 after acquiring an additional 330,047 shares in the last quarter. Institutional investors own 23.46% of the company’s stock.
About Westport Fuel Systems
Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation and industrial markets worldwide. It operates through Transportation and Cummins Westport Inc Joint Venture segments. The company designs, manufactures, and sells compressed natural gas (CNG) and liquid petroleum gas (LPG) components and systems, such as pressure regulators, injectors, electronic control units, valves, and filters, as well as bi-fuel, mono-fuel, and dual-fuel LPG and CNG conversion kits for passenger cars, light-duty trucks, and medium-duty vehicles, including original engine manufacture (OEM), delayed OEM, and aftermarket segments.
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