Westport Fuel Systems Inc. (NASDAQ:WPRT) Receives $15.10 Average Target Price from Analysts

Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $15.10.

A number of research firms recently weighed in on WPRT. TD Securities lowered their target price on shares of Westport Fuel Systems from $8.00 to $7.50 and set a “market perform” rating on the stock in a research note on Wednesday, March 27th. Royal Bank of Canada reduced their target price on shares of Westport Fuel Systems from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 27th. Oppenheimer reissued an “outperform” rating and set a $19.00 price target on shares of Westport Fuel Systems in a report on Wednesday, March 27th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $30.00 price objective on shares of Westport Fuel Systems in a research note on Wednesday, March 27th.

Institutional Trading of Westport Fuel Systems

Several hedge funds and other institutional investors have recently modified their holdings of WPRT. AE Wealth Management LLC grew its holdings in shares of Westport Fuel Systems by 25.0% in the 3rd quarter. AE Wealth Management LLC now owns 51,439 shares of the auto parts company’s stock valued at $312,000 after acquiring an additional 10,300 shares in the last quarter. Trellus Management Company LLC lifted its position in shares of Westport Fuel Systems by 32.1% in the third quarter. Trellus Management Company LLC now owns 83,238 shares of the auto parts company’s stock valued at $504,000 after buying an additional 20,238 shares during the last quarter. Grace & White Inc. NY increased its holdings in shares of Westport Fuel Systems by 18.1% during the 3rd quarter. Grace & White Inc. NY now owns 399,876 shares of the auto parts company’s stock worth $2,423,000 after acquiring an additional 61,199 shares during the last quarter. Finally, AMH Equity Ltd bought a new stake in Westport Fuel Systems in the 3rd quarter valued at $991,000. Institutional investors and hedge funds own 21.30% of the company’s stock.

Westport Fuel Systems Stock Performance

Shares of WPRT opened at $5.81 on Friday. Westport Fuel Systems has a one year low of $4.90 and a one year high of $12.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.61 and a quick ratio of 1.11. The company has a market capitalization of $99.79 million, a PE ratio of -2.03 and a beta of 2.45. The company’s fifty day moving average price is $6.09 and its 200 day moving average price is $6.20.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last released its earnings results on Monday, March 25th. The auto parts company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.19). The company had revenue of $87.20 million during the quarter, compared to the consensus estimate of $82.00 million. Westport Fuel Systems had a negative net margin of 14.97% and a negative return on equity of 26.18%. As a group, analysts expect that Westport Fuel Systems will post -1.73 earnings per share for the current year.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications in Europe, Asia, North America, South America, and internationally. The company operates through two segments, Original Equipment Manufacturers and Independent Aftermarket.