Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) has received an average rating of “Hold” from the ten brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $3.48.

Several research firms have recently issued reports on WPRT. BidaskClub cut Westport Fuel Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Zacks Investment Research cut Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Oppenheimer upped their price objective on Westport Fuel Systems from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 15th. Lake Street Capital reaffirmed a “buy” rating and set a $5.00 price objective on shares of Westport Fuel Systems in a research report on Wednesday, November 15th. Finally, Craig Hallum set a $5.00 price objective on Westport Fuel Systems and gave the stock a “buy” rating in a research report on Thursday, December 28th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pembroke Management LTD acquired a new stake in Westport Fuel Systems during the 3rd quarter worth approximately $16,069,000. Hood River Capital Management LLC lifted its position in Westport Fuel Systems by 109.6% during the 4th quarter. Hood River Capital Management LLC now owns 5,087,680 shares of the auto parts company’s stock worth $19,130,000 after acquiring an additional 2,660,646 shares during the period. Royce & Associates LP lifted its position in Westport Fuel Systems by 3.8% during the 3rd quarter. Royce & Associates LP now owns 5,670,983 shares of the auto parts company’s stock worth $18,544,000 after acquiring an additional 206,000 shares during the period. Essex Investment Management Co. LLC lifted its position in Westport Fuel Systems by 255.5% during the 4th quarter. Essex Investment Management Co. LLC now owns 84,341 shares of the auto parts company’s stock worth $317,000 after acquiring an additional 60,616 shares during the period. Finally, Royal Bank of Canada lifted its position in 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 during the period. 15.99% of the stock is owned by hedge funds and other institutional investors.

Westport Fuel Systems (NASDAQ WPRT) traded up $0.05 during trading hours on Thursday, hitting $2.96. The stock had a trading volume of 499,195 shares, compared to its average volume of 864,158. The firm has a market cap of $379.17, a PE ratio of -2.51 and a beta of 1.86. Westport Fuel Systems has a twelve month low of $0.82 and a twelve month high of $4.33. The company has a current ratio of 1.62, a quick ratio of 1.13 and a debt-to-equity ratio of 0.22.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last released its quarterly earnings data on Tuesday, November 14th. The auto parts company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.03. The business had revenue of $60.80 million during the quarter, compared to analysts’ expectations of $51.91 million. Westport Fuel Systems had a negative return on equity of 64.05% and a negative net margin of 14.85%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.30) EPS. research analysts forecast that Westport Fuel Systems will post -0.49 EPS for the current fiscal year.

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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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