Westport Fuel Systems (WPRT) Getting Somewhat Positive News Coverage, Analysis Shows

News articles about Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) have trended somewhat positive on Friday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Westport Fuel Systems earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the auto parts company an impact score of 46.7320727561874 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news articles that may have effected Accern Sentiment’s rankings:

A number of equities analysts have weighed in on WPRT shares. Zacks Investment Research lowered shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Oppenheimer Holdings, Inc. started coverage on shares of Westport Fuel Systems in a research report on Wednesday, August 16th. They issued an “outperform” rating and a $3.00 price target for the company. ValuEngine upgraded shares of Westport Fuel Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, HC Wainwright set a $5.00 price target on shares of Westport Fuel Systems and gave the stock a “buy” rating in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Westport Fuel Systems presently has a consensus rating of “Buy” and an average price target of $3.30.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last released its quarterly earnings results on Monday, August 14th. The auto parts company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.03. Westport Fuel Systems had a negative net margin of 20.37% and a negative return on equity of 65.98%. The firm had revenue of $62.10 million for the quarter, compared to analysts’ expectations of $58.44 million. During the same quarter last year, the company earned $0.05 EPS. The firm’s revenue for the quarter was up 66.9% compared to the same quarter last 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.

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