Westport Fuel Systems (NASDAQ:WPRT) Given “Buy” Rating at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) in a report published on Friday,Benzinga reports. They currently have a $22.00 price target on the auto parts company’s stock.

A number of other research analysts have also issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $8.00 target price on shares of Westport Fuel Systems in a report on Thursday, November 14th. StockNews.com raised Westport Fuel Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Westport Fuel Systems presently has an average rating of “Hold” and an average price target of $14.13.

Westport Fuel Systems Trading Up 6.0 %

WPRT opened at $4.40 on Friday. The firm has a market cap of $75.94 million, a price-to-earnings ratio of -2.95 and a beta of 2.84. The company has a quick ratio of 1.00, a current ratio of 1.60 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $4.42 and its two-hundred day moving average is $5.35. Westport Fuel Systems has a 52 week low of $3.91 and a 52 week high of $7.86.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last released its earnings results on Tuesday, November 12th. The auto parts company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.19. The business had revenue of $66.25 million for the quarter, compared to analyst estimates of $66.88 million. Westport Fuel Systems had a negative return on equity of 25.57% and a negative net margin of 8.01%. During the same quarter in the previous year, the company posted ($0.68) earnings per share. On average, research analysts predict that Westport Fuel Systems will post -1.89 EPS for the current year.

Institutional Trading of Westport Fuel Systems

A number of institutional investors have recently modified their holdings of the business. US Bancorp DE boosted its position in Westport Fuel Systems by 170.7% during the third quarter. US Bancorp DE now owns 188,349 shares of the auto parts company’s stock worth $865,000 after purchasing an additional 118,780 shares in the last quarter. Grace & White Inc. NY lifted its position in shares of Westport Fuel Systems by 19.0% in the third quarter. Grace & White Inc. NY now owns 744,182 shares of the auto parts company’s stock valued at $3,416,000 after acquiring an additional 118,860 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Westport Fuel Systems in the second quarter valued at $67,000. 21.30% of the stock is currently owned by hedge funds and other institutional investors.

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.