Westport Fuel Systems Inc (WPRT) Given Average Recommendation of “Hold” by Brokerages

Shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) have earned an average recommendation of “Hold” from the nine research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $4.08.

Several research analysts recently commented on the company. Craig Hallum set a $5.00 target price on Westport Fuel Systems and gave the stock a “buy” rating in a research note on Thursday, December 28th. BidaskClub raised Westport Fuel Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Cowen set a $3.00 target price on Westport Fuel Systems and gave the stock a “hold” rating in a research note on Friday, March 23rd. Finally, Zacks Investment Research cut Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Monday.

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WPRT traded down $0.15 on Friday, hitting $2.27. 349,840 shares of the company were exchanged, compared to its average volume of 786,072. Westport Fuel Systems has a twelve month low of $0.94 and a twelve month high of $4.33. The stock has a market capitalization of $294.07, a price-to-earnings ratio of -5.16 and a beta of 1.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.67 and a quick ratio of 1.25.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last released its earnings results on Friday, March 23rd. The auto parts company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.01). Westport Fuel Systems had a negative return on equity of 50.05% and a negative net margin of 4.08%. The company had revenue of $64.20 million for the quarter, compared to analyst estimates of $54.04 million. During the same period in the previous year, the firm earned ($0.43) earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. research analysts anticipate that Westport Fuel Systems will post -0.16 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Hood River Capital Management LLC boosted its position in shares of Westport Fuel Systems by 109.6% during the 4th quarter. Hood River Capital Management LLC now owns 5,087,680 shares of the auto parts company’s stock worth $19,130,000 after acquiring an additional 2,660,646 shares in the last quarter. Cortina Asset Management LLC acquired a new position in shares of Westport Fuel Systems during the 4th quarter worth about $6,332,000. Royce & Associates LP boosted its position in shares of Westport Fuel Systems by 6.4% during the 4th quarter. Royce & Associates LP now owns 6,034,983 shares of the auto parts company’s stock worth $22,692,000 after acquiring an additional 364,000 shares in the last quarter. MYDA Advisors LLC acquired a new position in shares of Westport Fuel Systems during the 4th quarter worth about $386,000. Finally, Essex Investment Management Co. LLC boosted its position in shares of Westport Fuel Systems by 255.5% during the 4th quarter. Essex Investment Management Co. LLC now owns 84,341 shares of the auto parts company’s stock worth $317,000 after acquiring an additional 60,616 shares in the last quarter. 20.43% of the stock is owned by institutional investors and hedge funds.

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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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