Brokerages Set Westport Fuel Systems Inc (WPRT) PT at $3.15

Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) has received an average recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $3.15.

WPRT has been the subject of several research analyst reports. ValuEngine raised Westport Fuel Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Zacks Investment Research raised 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. Cowen and Company reissued a “hold” rating and set a $1.50 target price on shares of Westport Fuel Systems in a research note on Friday, July 14th. 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. Finally, Oppenheimer Holdings, Inc. initiated coverage on Westport Fuel Systems in a report on Wednesday, August 16th. They set an “outperform” rating and a $3.00 price target on the stock.

Shares of Westport Fuel Systems (WPRT) traded up 8.94% during midday trading on Friday, reaching $3.90. 1,198,587 shares of the company’s stock were exchanged. The company’s 50 day moving average is $2.80 and its 200-day moving average is $1.90. The stock’s market cap is $508.56 million. Westport Fuel Systems has a 12 month low of $0.82 and a 12 month high of $3.90.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last issued 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 firm 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 quarterly revenue was up 66.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Equities analysts forecast that Westport Fuel Systems will post ($0.49) EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/09/brokerages-set-westport-fuel-systems-inc-wprt-pt-at-3-15.html.

A number of hedge funds have recently made changes to their positions in WPRT. Wells Fargo & Company MN boosted its holdings in 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 valued at $103,000 after acquiring an additional 89,931 shares during the last quarter. KCG Holdings Inc. boosted its holdings in 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 valued at $122,000 after acquiring an additional 96,365 shares during the last quarter. Northern Trust Corp boosted its holdings in 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 valued at $161,000 after acquiring an additional 346 shares during the last quarter. Royal Bank of Canada boosted its holdings in 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 valued at $169,000 after acquiring an additional 375 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Westport Fuel Systems by 62.7% in the first quarter. US Bancorp DE now owns 250,200 shares of the auto parts company’s stock v

WPRT has been the subject of several research analyst reports. ValuEngine raised Westport Fuel Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Zacks Investment Research raised 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. Cowen and Company reissued a “hold” rating and set a $1.50 target price on shares of Westport Fuel Systems in a research note on Friday, July 14th. 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. Finally, Oppenheimer Holdings, Inc. initiated coverage on Westport Fuel Systems in a report on Wednesday, August 16th. They set an “outperform” rating and a $3.00 price target on the stock.

Shares of Westport Fuel Systems (WPRT) traded up 8.94% during midday trading on Friday, reaching $3.90. 1,198,587 shares of the company’s stock were exchanged. The company’s 50 day moving average is $2.80 and its 200-day moving average is $1.90. The stock’s market cap is $508.56 million. Westport Fuel Systems has a 12 month low of $0.82 and a 12 month high of $3.90.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last issued 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 firm 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 quarterly revenue was up 66.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Equities analysts forecast that Westport Fuel Systems will post ($0.49) EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/09/brokerages-set-westport-fuel-systems-inc-wprt-pt-at-3-15.html.

A number of hedge funds have recently made changes to their positions in WPRT. Wells Fargo & Company MN boosted its holdings in 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 valued at $103,000 after acquiring an additional 89,931 shares during the last quarter. KCG Holdings Inc. boosted its holdings in 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 valued at $122,000 after acquiring an additional 96,365 shares during the last quarter. Northern Trust Corp boosted its holdings in 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 valued at $161,000 after acquiring an additional 346 shares during the last quarter. Royal Bank of Canada boosted its holdings in 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 valued at $169,000 after acquiring an additional 375 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Westport Fuel Systems by 62.7% in the first quarter. US Bancorp DE now owns 250,200 shares of the auto parts company’s stock valued at $240,000 after acquiring an additional 96,401 shares during the last quarter. 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)

Receive News & Ratings for Westport Fuel Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westport Fuel Systems Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply