Westport Fuel Systems Inc (NASDAQ:WPRT) Receives $4.50 Average PT from Analysts

Shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) have received an average rating of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $4.50.

A number of brokerages have issued reports on WPRT. ValuEngine cut shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Cowen set a $4.00 price objective on shares of Westport Fuel Systems and gave the company a “hold” rating in a research note on Friday, August 9th. BidaskClub cut shares of Westport Fuel Systems from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. Finally, Zacks Investment Research raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research note on Friday, August 16th.

Shares of WPRT traded down $0.01 during mid-day trading on Thursday, hitting $2.41. 394,192 shares of the company traded hands, compared to its average volume of 491,947. Westport Fuel Systems has a one year low of $1.17 and a one year high of $3.27. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.41 and a quick ratio of 1.04. The business has a 50-day moving average of $2.70 and a 200 day moving average of $2.50.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last released its quarterly earnings results on Thursday, August 8th. The auto parts company reported ($0.02) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). Westport Fuel Systems had a negative net margin of 6.36% and a negative return on equity of 30.62%. The business had revenue of $82.40 million for the quarter, compared to analysts’ expectations of $73.60 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. Westport Fuel Systems’s revenue was up 2.4% compared to the same quarter last year. Sell-side analysts anticipate that Westport Fuel Systems will post -0.09 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in WPRT. Acadian Asset Management LLC bought a new position in Westport Fuel Systems in the second quarter valued at approximately $26,000. Stonehearth Capital Management LLC acquired a new stake in Westport Fuel Systems in the second quarter worth $28,000. A.R.T. Advisors LLC acquired a new stake in Westport Fuel Systems in the second quarter worth $40,000. Ardsley Advisory Partners LP acquired a new stake in Westport Fuel Systems in the second quarter worth $272,000. Finally, ClariVest Asset Management LLC acquired a new stake in Westport Fuel Systems in the second quarter worth $415,000. 20.96% of the stock is currently owned by hedge funds and other institutional investors.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation application worldwide. It operates through Transportation and Cummins Westport Inc (CWI) Joint Venture segments. The company offers fuel systems and components a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, original equipment manufacturers (OEMs) and delayed OEMs, electronics, current and advanced research and development programs, supply chain, and product planning activities.

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