Several other equities analysts have also recently weighed in on the stock. BidaskClub upgraded shares of Westport Fuel Systems from a hold rating to a buy rating in a research note on Wednesday, August 7th. Cowen set a $3.00 price objective on shares of Westport Fuel Systems and gave the stock a hold rating in a research note on Friday, May 10th. Lake Street Capital upgraded shares of Westport Fuel Systems from a hold rating to a buy rating and set a $5.00 price objective on the stock in a research note on Friday, May 10th. Finally, Zacks Investment Research upgraded shares of Westport Fuel Systems from a hold rating to a buy rating and set a $2.75 price objective on the stock in a research note on Monday, May 27th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Westport Fuel Systems currently has an average rating of Buy and an average target price of $4.44.
Shares of NASDAQ:WPRT opened at $2.86 on Friday. The business has a 50 day simple moving average of $2.90. Westport Fuel Systems has a twelve month low of $1.17 and a twelve month high of $3.77. The company has a quick ratio of 1.09, a current ratio of 1.52 and a debt-to-equity ratio of 0.67. The company has a market cap of $389.47 million, a PE ratio of -9.23 and a beta of 1.67.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last issued its quarterly earnings data on Thursday, August 8th. The auto parts company reported ($0.02) earnings per share for the quarter, hitting 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 30.13%. The firm had revenue of $82.40 million for the quarter, compared to analysts’ expectations of $73.60 million. During the same quarter in the prior year, the business earned ($0.04) EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. Equities analysts forecast that Westport Fuel Systems will post -0.09 earnings per share for the current year.
Several large investors have recently modified their holdings of WPRT. Grace & White Inc. NY raised its stake in Westport Fuel Systems by 5.6% during the 1st quarter. Grace & White Inc. NY now owns 2,079,204 shares of the auto parts company’s stock worth $3,223,000 after acquiring an additional 110,800 shares during the period. Millennium Management LLC raised its stake in Westport Fuel Systems by 179.4% during the 4th quarter. Millennium Management LLC now owns 413,835 shares of the auto parts company’s stock worth $550,000 after acquiring an additional 265,725 shares during the period. Trellus Management Company LLC raised its stake in Westport Fuel Systems by 23.3% during the 1st quarter. Trellus Management Company LLC now owns 390,000 shares of the auto parts company’s stock worth $605,000 after acquiring an additional 73,640 shares during the period. Two Sigma Investments LP bought a new stake in Westport Fuel Systems during the 4th quarter worth approximately $59,000. Finally, Deutsche Bank AG raised its stake in Westport Fuel Systems by 44,879.7% during the 4th quarter. Deutsche Bank AG now owns 449,797 shares of the auto parts company’s stock worth $598,000 after acquiring an additional 448,797 shares during the period. Hedge funds and other institutional investors own 20.72% of the company’s stock.
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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