Westport Fuel Systems Inc. (NASDAQ:WPRT) Receives Consensus Recommendation of “Hold” from Brokerages

Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) has been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $15.10.

Several analysts have recently commented on WPRT shares. Royal Bank of Canada decreased their target price on Westport Fuel Systems from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 27th. TD Securities decreased their target price on Westport Fuel Systems from $8.00 to $7.50 and set a “market perform” rating for the company in a research report on Wednesday, March 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $19.00 target price on shares of Westport Fuel Systems in a research report on Wednesday, March 27th. Finally, HC Wainwright reiterated a “buy” rating and set a $30.00 price objective on shares of Westport Fuel Systems in a report on Wednesday, March 27th.

Institutional Trading of Westport Fuel Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. Captrust Financial Advisors raised its holdings in Westport Fuel Systems by 107.6% during the third quarter. Captrust Financial Advisors now owns 34,876 shares of the auto parts company’s stock valued at $30,000 after buying an additional 18,076 shares in the last quarter. Advisor Group Holdings Inc. raised its holdings in Westport Fuel Systems by 70.8% during the first quarter. Advisor Group Holdings Inc. now owns 21,226 shares of the auto parts company’s stock valued at $34,000 after buying an additional 8,800 shares in the last quarter. Two Sigma Investments LP bought a new position in Westport Fuel Systems during the fourth quarter valued at about $45,000. Cibc World Market Inc. bought a new position in Westport Fuel Systems during the first quarter valued at about $51,000. Finally, Envestnet Asset Management Inc. raised its holdings in Westport Fuel Systems by 251.1% during the first quarter. Envestnet Asset Management Inc. now owns 35,111 shares of the auto parts company’s stock valued at $55,000 after buying an additional 25,111 shares in the last quarter. 21.30% of the stock is currently owned by hedge funds and other institutional investors.

Westport Fuel Systems Stock Performance

WPRT opened at $5.74 on Friday. The firm has a market cap of $98.56 million, a PE ratio of -2.01 and a beta of 2.45. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $6.09 and a 200-day simple moving average of $6.20. Westport Fuel Systems has a fifty-two week low of $4.90 and a fifty-two week high of $12.00.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $82.00 million. Westport Fuel Systems had a negative return on equity of 26.18% and a negative net margin of 14.97%. As a group, equities analysts predict that Westport Fuel Systems will post -1.73 EPS for the current fiscal 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.