Westport Fuel Systems Inc. (NASDAQ:WPRT) Given Consensus Rating of “Hold” by Analysts

Shares of Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) have earned an average rating of “Hold” from the five research firms that are currently covering the stock, Marketbeat reports. Three investment 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 $13.50.

A number of equities research analysts have recently issued reports on the stock. TD Securities dropped 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 report on Wednesday, March 27th. Oppenheimer reissued an “outperform” rating and issued a $19.00 price target on shares of Westport Fuel Systems in a report on Wednesday, March 27th. StockNews.com cut shares of Westport Fuel Systems from a “hold” rating to a “sell” rating in a report on Friday, May 10th. HC Wainwright reissued a “buy” rating and issued a $22.00 price target on shares of Westport Fuel Systems in a report on Tuesday, June 4th. Finally, Royal Bank of Canada lowered their price target on shares of Westport Fuel Systems from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 27th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Westport Fuel Systems stock. Grace & White Inc. NY lifted its holdings in shares of Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) by 31.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 525,451 shares of the auto parts company’s stock after purchasing an additional 125,575 shares during the quarter. Grace & White Inc. NY owned 3.06% of Westport Fuel Systems worth $3,478,000 as of its most recent SEC filing. Institutional investors and hedge funds own 21.30% of the company’s stock.

Westport Fuel Systems Stock Up 5.6 %

Shares of WPRT stock opened at $6.31 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.40 and a current ratio of 1.84. The firm’s 50-day moving average is $5.87 and its 200-day moving average is $6.00. The stock has a market cap of $108.34 million, a price-to-earnings ratio of -2.07 and a beta of 2.85. Westport Fuel Systems has a 52-week low of $4.90 and a 52-week high of $12.00.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last issued its earnings results on Wednesday, May 8th. The auto parts company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.24). The firm had revenue of $77.57 million during the quarter, compared to the consensus estimate of $88.45 million. Westport Fuel Systems had a negative net margin of 16.10% and a negative return on equity of 29.94%. Sell-side analysts predict that Westport Fuel Systems will post -2.23 EPS for the current year.

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, Asia, North America, South America, and internationally. The company operates through two segments, Original Equipment Manufacturers and Independent Aftermarket.