Westport Fuel Systems Inc (WPRT) Receives Consensus Rating of “Buy” from Analysts

Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) has earned an average rating of “Buy” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $3.86.

Several equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. BidaskClub cut shares of Westport Fuel Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Finally, Cowen set a $3.00 price objective on shares of Westport Fuel Systems and gave the company a “hold” rating in a research report on Friday, March 23rd.

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A number of institutional investors and hedge funds have recently bought and sold shares of WPRT. Essex Investment Management Co. LLC lifted its position in Westport Fuel Systems by 255.5% in the 4th quarter. Essex Investment Management Co. LLC now owns 84,341 shares of the auto parts company’s stock valued at $317,000 after acquiring an additional 60,616 shares in the last quarter. Hood River Capital Management LLC increased its stake in Westport Fuel Systems by 109.6% in the 4th quarter. Hood River Capital Management LLC now owns 5,087,680 shares of the auto parts company’s stock valued at $19,130,000 after buying an additional 2,660,646 shares during the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in Westport Fuel Systems in the 4th quarter valued at $188,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Westport Fuel Systems in the 4th quarter valued at $263,000. Finally, Royce & Associates LP increased its stake in Westport Fuel Systems by 6.4% in the 4th quarter. Royce & Associates LP now owns 6,034,983 shares of the auto parts company’s stock valued at $22,692,000 after buying an additional 364,000 shares during the last quarter. 20.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ WPRT opened at $2.99 on Friday. The firm has a market cap of $349.20 million, a PE ratio of -6.80 and a beta of 1.86. Westport Fuel Systems has a twelve month low of $1.42 and a twelve month high of $4.33. The company has a current ratio of 1.54, a quick ratio of 1.25 and a debt-to-equity ratio of 0.42.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last announced its quarterly earnings results on Thursday, May 10th. The auto parts company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The company had revenue of $67.60 million for the quarter, compared to analysts’ expectations of $61.67 million. Westport Fuel Systems had a negative net margin of 4.64% and a negative return on equity of 46.47%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.12) earnings per share. equities analysts anticipate that Westport Fuel Systems will post -0.14 earnings per share for the current fiscal year.

Westport Fuel Systems Company Profile

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.

Analyst Recommendations for Westport Fuel Systems (NASDAQ:WPRT)

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