Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPRT) has been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $4.70.

A number of research firms have recently weighed in on WPRT. Lake Street Capital increased their target price on shares of Westport Fuel Systems from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. Zacks Investment Research lowered shares of Westport Fuel Systems from a “hold” rating to a “sell” rating in a report on Wednesday, September 5th. HC Wainwright began coverage on shares of Westport Fuel Systems in a report on Thursday, September 20th. They set a “buy” rating and a $6.00 target price for the company. Finally, BidaskClub upgraded shares of Westport Fuel Systems from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st.

A number of institutional investors and hedge funds have recently modified their holdings of WPRT. Manatuck Hill Partners LLC lifted its holdings in Westport Fuel Systems by 143.0% in the second quarter. Manatuck Hill Partners LLC now owns 2,386,362 shares of the auto parts company’s stock worth $6,037,000 after buying an additional 1,404,462 shares during the period. Paradigm Capital Management Inc. NY lifted its holdings in Westport Fuel Systems by 229.2% in the second quarter. Paradigm Capital Management Inc. NY now owns 657,530 shares of the auto parts company’s stock worth $1,663,000 after buying an additional 457,780 shares during the period. Cortina Asset Management LLC lifted its holdings in Westport Fuel Systems by 20.6% in the second quarter. Cortina Asset Management LLC now owns 1,928,576 shares of the auto parts company’s stock worth $4,879,000 after buying an additional 330,047 shares during the period. Ardsley Advisory Partners lifted its holdings in Westport Fuel Systems by 42.9% in the second quarter. Ardsley Advisory Partners now owns 500,000 shares of the auto parts company’s stock worth $1,265,000 after buying an additional 150,000 shares during the period. Finally, Granite Investment Partners LLC purchased a new stake in Westport Fuel Systems in the second quarter worth about $342,000. Institutional investors and hedge funds own 22.51% of the company’s stock.

NASDAQ WPRT traded down $0.12 during trading on Friday, hitting $3.05. 546,741 shares of the company’s stock traded hands, compared to its average volume of 673,103. The company has a quick ratio of 1.14, a current ratio of 1.52 and a debt-to-equity ratio of 0.42. Westport Fuel Systems has a 12-month low of $2.10 and a 12-month high of $4.33. The firm has a market cap of $426.81 million, a price-to-earnings ratio of -7.18 and a beta of 2.18.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last posted its quarterly earnings results on Thursday, August 9th. The auto parts company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). The business had revenue of $80.49 million during the quarter, compared to analyst estimates of $64.50 million. Westport Fuel Systems had a negative net margin of 17.94% and a negative return on equity of 40.52%. equities analysts expect that Westport Fuel Systems will post -0.24 earnings per share for the current fiscal year.

About Westport Fuel Systems

Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation and industrial markets worldwide. It operates through Transportation and Cummins Westport Inc Joint Venture segments. The company designs, manufactures, and sells compressed natural gas (CNG) and liquid petroleum gas (LPG) components and systems, such as pressure regulators, injectors, electronic control units, valves, and filters, as well as bi-fuel, mono-fuel, and dual-fuel LPG and CNG conversion kits for passenger cars, light-duty trucks, and medium-duty vehicles, including original engine manufacture (OEM), delayed OEM, and aftermarket segments.

See Also: Earnings Per Share (EPS)

Analyst Recommendations for Westport Fuel Systems (NASDAQ:WPRT)

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