Westport Fuel Systems (NASDAQ:WPRT) Upgraded by Zacks Research to Strong-Buy Rating

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

WPRT has been the subject of several other research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Westport Fuel Systems in a research report on Wednesday, October 8th. Royal Bank Of Canada cut their price objective on Westport Fuel Systems from $3.00 to $2.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Westport Fuel Systems has an average rating of “Moderate Buy” and a consensus target price of $6.60.

Westport Fuel Systems Price Performance

Shares of WPRT stock opened at $2.14 on Monday. The stock’s 50 day simple moving average is $1.75 and its two-hundred day simple moving average is $2.44. Westport Fuel Systems has a 1 year low of $1.54 and a 1 year high of $4.78. The company has a market cap of $37.16 million, a PE ratio of -0.61 and a beta of 2.07.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last issued its quarterly earnings results on Monday, November 10th. The auto parts company reported ($0.60) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.89) by $0.29. Westport Fuel Systems had a negative return on equity of 24.16% and a negative net margin of 25.63%.The company had revenue of $1.62 million during the quarter, compared to the consensus estimate of $1.12 million. Equities research analysts expect that Westport Fuel Systems will post -1.69 EPS for the current year.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc is a Canadian-based company that designs, engineers and manufactures alternative fuel systems and components for transportation and industrial applications. Specializing in natural gas, propane and hydrogen technologies, the company develops complete fuel delivery systems, high-pressure direct injection solutions and fuel storage modules tailored for light-, medium- and heavy-duty vehicles. Its platforms are designed to reduce emissions and lower operating costs for original equipment manufacturers (OEMs) and fleet operators worldwide.

The company’s product portfolio includes compressed natural gas (CNG) and liquefied natural gas (LNG) fuel systems, electronic controls, injectors, pressure regulators and specialized fuel tanks.