Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Other equities analysts have also issued research reports about the company. HC Wainwright set a $5.00 target price on Westport Fuel Systems and gave the company a “buy” rating in a report on Tuesday. Cowen and Company set a $2.00 target price on Westport Fuel Systems and gave the company a “hold” rating in a report on Monday. Finally, Zacks Investment Research lowered Westport Fuel Systems from a “buy” rating to a “hold” rating in a report on Monday, July 17th.

Shares of Westport Fuel Systems (NASDAQ WPRT) opened at 2.20 on Wednesday. The stock has a 50 day moving average price of $1.88 and a 200-day moving average price of $1.45. The firm’s market cap is $242.70 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 posted its earnings results on Monday, August 14th. The auto parts company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.03. The firm had revenue of $62.10 million for the quarter, compared to analyst estimates of $58.44 million. Westport Fuel Systems had a negative return on equity of 81.28% and a negative net margin of 32.70%. Westport Fuel Systems’s revenue for the quarter was up 66.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 earnings per share. On average, equities analysts anticipate that Westport Fuel Systems will post ($0.47) EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in WPRT. Wells Fargo & Company MN increased its position 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 in the last quarter. KCG Holdings Inc. increased its position in Westport Fuel Systems by 313.2% in the first quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock valued at $122,000 after buying an additional 96,365 shares in the last quarter. Northern Trust Corp increased its position in Westport Fuel Systems by 0.5% in the second quarter. Northern Trust Corp now owns 68,774 shares of the auto parts company’s stock valued at $161,000 after buying an additional 346 shares in the last quarter. Royal Bank of Canada increased its position in Westport Fuel Systems by 0.5% in the second quarter. Royal Bank of Canada now owns 72,049 shares of the auto parts company’s stock valued at $169,000 after buying an additional 375 shares in the last quarter. Finally, US Bancorp DE increased its position 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 in the last quarter. Institutional investors own 9.40% 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.

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