Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) had its target price upped by Lake Street Capital from $3.00 to $5.00 in a research note issued to investors on Thursday, Marketbeat reports. Lake Street Capital currently has a hold rating on the auto parts company’s stock. Lake Street Capital also issued estimates for Westport Fuel Systems’ Q1 2018 earnings at ($0.08) EPS, Q2 2018 earnings at ($0.07) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.03) EPS and FY2021 earnings at $0.19 EPS.

Several other analysts have also recently weighed in on the company. ValuEngine cut Westport Fuel Systems from a hold rating to a sell rating in a report on Friday, September 1st. CIBC began coverage on Westport Fuel Systems in a report on Thursday, August 17th. They set an outperform rating and a $3.00 price objective for the company. BidaskClub raised Westport Fuel Systems from a hold rating to a buy rating in a report on Thursday, August 17th. Oppenheimer Holdings, Inc. began coverage on Westport Fuel Systems in a report on Wednesday, August 16th. They set an outperform rating and a $3.00 price objective for the company. Finally, HC Wainwright set a $5.00 price objective on Westport Fuel Systems and gave the stock a buy rating in a report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $3.02.

Westport Fuel Systems (NASDAQ:WPRT) traded down 0.28% during trading on Thursday, reaching $3.58. 2,023,809 shares of the company’s stock traded hands. The firm’s 50 day moving average is $2.80 and its 200-day moving average is $1.90. The company’s market capitalization is $466.84 million. Westport Fuel Systems has a 12 month low of $0.82 and a 12 month high of $3.75.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last issued its quarterly earnings results on Monday, August 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 $62.10 million for the quarter, compared to the consensus estimate of $58.44 million. Westport Fuel Systems had a negative net margin of 20.37% and a negative return on equity of 65.98%. The firm’s quarterly revenue was up 66.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. Analysts expect that Westport Fuel Systems will post ($0.49) EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in the business. Northern Trust Corp raised its holdings in 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 purchasing an additional 346 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Westport Fuel Systems by 0.5% in the 2nd quarter. Royal Bank of Canada now owns 72,049 shares of the auto parts company’s stock valued at $169,000 after acquiring an additional 375 shares during the last quarter. Royce & Associates LP increased its stake in shares of Westport Fuel Systems by 1.0% in the 1st quarter. Royce & Associates LP now owns 5,391,983 shares of the auto parts company’s stock valued at $5,176,000 after acquiring an additional 52,500 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Westport Fuel Systems by 496.2% in the 1st quarter. Wells Fargo & Company MN now owns 108,054 shares of the auto parts company’s stock valued at $103,000 after acquiring an additional 89,931 shares during the last quarter. Finally, KCG Holdings Inc. increased its stake in shares of Westport Fuel Systems by 313.2% in the 1st quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock valued at $122,000 after acquiring an additional 96,365 shares during the last quarter. 9.35% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Westport Fuel Systems (NASDAQ:WPRT)

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