Westport Fuel Systems (WPRT) Earning Somewhat Favorable News Coverage, Study Finds
News coverage about Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Westport Fuel Systems earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the auto parts company an impact score of 46.68807479314 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of analysts have issued reports on WPRT shares. ValuEngine raised Westport Fuel Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Zacks Investment Research raised Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a research report on Thursday, July 13th. Cowen and Company reissued a “hold” rating and issued a $1.50 target price on shares of Westport Fuel Systems in a research report on Friday, July 14th. HC Wainwright set a $5.00 target price on Westport Fuel Systems and gave the company a “buy” rating in a research report on Tuesday, August 15th. Finally, Oppenheimer Holdings, Inc. started coverage on Westport Fuel Systems in a research report on Wednesday, August 16th. They issued an “outperform” rating and a $3.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Westport Fuel Systems presently has an average rating of “Hold” and a consensus price target of $2.69.
Shares of Westport Fuel Systems (NASDAQ WPRT) opened at 3.27 on Friday. Westport Fuel Systems has a 12 month low of $0.82 and a 12 month high of $3.31. The firm has a 50-day moving average price of $2.34 and a 200-day moving average price of $1.70. The stock’s market cap is $426.41 million.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last posted its quarterly earnings results on Monday, August 14th. The auto parts company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.03. The company 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%. Westport Fuel Systems’s revenue was up 66.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 earnings per share. Equities analysts expect that Westport Fuel Systems will post ($0.49) EPS for the current fiscal year.
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Westport Fuel Systems Company Profile
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.
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