Westport Fuel Systems (WPRT) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) from a sell rating to a hold rating in a report issued on Wednesday.

A number of other brokerages have also issued reports on WPRT. Lake Street Capital increased their target price on shares of Westport Fuel Systems from $3.00 to $5.00 and gave the stock a hold rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of Westport Fuel Systems from a hold rating to a buy rating and set a $4.25 target price on the stock in a research report on Thursday, October 12th. ValuEngine lowered shares of Westport Fuel Systems from a sell rating to a strong sell rating in a research report on Friday, December 1st. Craig Hallum set a $5.00 target price on shares of Westport Fuel Systems and gave the stock a buy rating in a research report on Friday, December 22nd. Finally, Oppenheimer increased their target price on shares of Westport Fuel Systems from $3.00 to $3.50 and gave the stock an outperform rating in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $3.58.

Westport Fuel Systems (NASDAQ WPRT) opened at $3.64 on Wednesday. Westport Fuel Systems has a 52 week low of $0.82 and a 52 week high of $4.09. The company has a market cap of $484.72, a PE ratio of -3.08 and a beta of 2.15. The company has a quick ratio of 1.13, a current ratio of 1.62 and a debt-to-equity ratio of 0.22.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last announced its quarterly earnings results on Tuesday, November 14th. The auto parts company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.03. Westport Fuel Systems had a negative net margin of 14.85% and a negative return on equity of 64.05%. The business had revenue of $60.80 million for the quarter, compared to analyst estimates of $51.91 million. During the same quarter in the prior year, the business earned ($0.30) EPS. Westport Fuel Systems’s quarterly revenue was up 8.4% on a year-over-year basis. equities analysts forecast that Westport Fuel Systems will post -0.49 earnings per share for the current year.

Several large investors have recently made changes to their positions in WPRT. Northern Trust Corp boosted its position in shares of Westport Fuel Systems by 0.5% during the 2nd quarter. Northern Trust Corp now owns 68,774 shares of the auto parts company’s stock worth $161,000 after acquiring an additional 346 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Westport Fuel Systems by 0.5% during the 2nd quarter. Royal Bank of Canada now owns 72,049 shares of the auto parts company’s stock worth $169,000 after acquiring an additional 375 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in shares of Westport Fuel Systems during the 2nd quarter worth approximately $1,176,000. Hood River Capital Management LLC acquired a new stake in shares of Westport Fuel Systems during the 3rd quarter worth approximately $7,936,000. Finally, Royce & Associates LP boosted its position in shares of Westport Fuel Systems by 1.4% during the 2nd quarter. Royce & Associates LP now owns 5,464,983 shares of the auto parts company’s stock worth $12,843,000 after acquiring an additional 73,000 shares in the last quarter. Hedge funds and other institutional investors own 15.94% of the company’s stock.

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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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