Westport Fuel Systems Inc (WPRT) Stock Rating Lowered by ValuEngine
Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday.
Several other research analysts have also recently issued reports on WPRT. Zacks Investment Research cut shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Cowen and Company restated a “hold” rating and issued a $1.50 target price on shares of Westport Fuel Systems in a report on Friday, July 14th.
Westport Fuel Systems (NASDAQ:WPRT) opened at 1.89 on Thursday. The company’s 50 day moving average is $1.93 and its 200-day moving average is $1.43. The firm’s market cap is $208.50 million. Westport Fuel Systems has a 52-week low of $0.82 and a 52-week high of $2.65.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last issued its earnings results on Thursday, May 11th. The auto parts company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.03. Westport Fuel Systems had a negative net margin of 32.70% and a negative return on equity of 81.28%. The firm had revenue of $60 million for the quarter, compared to analysts’ expectations of $77.71 million. The business’s quarterly revenue was up 150.0% compared to the same quarter last year. On average, equities analysts predict that Westport Fuel Systems will post ($0.47) EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Westport Fuel Systems Inc (WPRT) Stock Rating Lowered by ValuEngine” was first published by Watch List News and is owned by of Watch List News. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/westport-fuel-systems-inc-wprt-stock-rating-lowered-by-valuengine/1467483.html.
A number of hedge funds have recently added to or reduced their stakes in WPRT. Norges Bank bought a new stake in Westport Fuel Systems during the fourth quarter valued at $508,000. Wells Fargo & Company MN boosted its stake in Westport Fuel Systems by 496.2% in the first quarter. Wells Fargo & Company MN now owns 108,054 shares of the auto parts company’s stock valued at $103,000 after buying an additional 89,931 shares during the period. Grace & White Inc. NY boosted its stake in Westport Fuel Systems by 14.0% in the first quarter. Grace & White Inc. NY now owns 2,091,080 shares of the auto parts company’s stock valued at $2,007,000 after buying an additional 256,129 shares during the period. US Bancorp DE boosted its stake in Westport Fuel Systems by 62.7% in the first quarter. US Bancorp DE now owns 250,200 shares of the auto parts company’s stock valued at $240,000 after buying an additional 96,401 shares during the period. Finally, Royce & Associates LP boosted its stake in Westport Fuel Systems by 1.0% in the first quarter. Royce & Associates LP now owns 5,391,983 shares of the auto parts company’s stock valued at $5,176,000 after buying an additional 52,500 shares during the period. Institutional investors and hedge funds own 9.25% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Westport Fuel Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westport Fuel Systems Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.