Westport Fuel Systems Inc. (NASDAQ:WPRT – Free Report) (TSE:WPRT) – Stock analysts at HC Wainwright cut their FY2026 earnings estimates for shares of Westport Fuel Systems in a report released on Thursday, November 9th. HC Wainwright analyst A. Dayal now forecasts that the auto parts company will post earnings of $0.16 per share for the year, down from their previous forecast of $0.24. HC Wainwright currently has a “Buy” rating and a $30.00 target price on the stock. The consensus estimate for Westport Fuel Systems’ current full-year earnings is ($2.43) per share.
A number of other research analysts have also commented on the stock. StockNews.com initiated coverage on shares of Westport Fuel Systems in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. TD Cowen decreased their price target on shares of Westport Fuel Systems from $12.00 to $10.00 and set a “market perform” rating on the stock in a research note on Thursday, August 10th. Oppenheimer upped their price target on shares of Westport Fuel Systems from $6.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th. Finally, Royal Bank of Canada decreased their price target on shares of Westport Fuel Systems from $12.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Friday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.25.
Westport Fuel Systems Stock Down 1.0 %
Westport Fuel Systems stock opened at $6.03 on Friday. The firm has a market capitalization of $103.57 million, a PE ratio of -1.98 and a beta of 2.45. The company’s 50-day moving average is $6.05 and its 200-day moving average is $7.40. Westport Fuel Systems has a fifty-two week low of $4.90 and a fifty-two week high of $13.40. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.22.
Hedge Funds Weigh In On Westport Fuel Systems
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. lifted its stake in Westport Fuel Systems by 10.6% in the 4th quarter. Baird Financial Group Inc. now owns 3,416,271 shares of the auto parts company’s stock valued at $2,647,000 after purchasing an additional 327,021 shares during the last quarter. AMH Equity Ltd lifted its stake in Westport Fuel Systems by 26.9% in the 1st quarter. AMH Equity Ltd now owns 3,300,000 shares of the auto parts company’s stock valued at $3,143,000 after purchasing an additional 700,000 shares during the last quarter. Millennium Management LLC lifted its stake in Westport Fuel Systems by 55.6% in the 2nd quarter. Millennium Management LLC now owns 2,637,699 shares of the auto parts company’s stock valued at $2,664,000 after purchasing an additional 942,667 shares during the last quarter. Renaissance Technologies LLC increased its position in Westport Fuel Systems by 114.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,612,896 shares of the auto parts company’s stock valued at $2,548,000 after acquiring an additional 860,617 shares during the period. Finally, S&T Bank PA increased its position in Westport Fuel Systems by 13.6% in the 1st quarter. S&T Bank PA now owns 1,160,460 shares of the auto parts company’s stock valued at $1,105,000 after acquiring an additional 138,582 shares during the period. Institutional investors own 9.87% of the company’s stock.
About Westport Fuel Systems
Westport Fuel Systems Inc engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications in Europe, the Americas, Asia, Africa, and internationally. The company operates through Original Equipment Manufacturer and Independent Aftermarket segments.
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