Westport Innovations Now Covered by Analysts at Northland Securities (WPRT)
Analysts at Northland Securities initiated coverage on shares of Westport Innovations (NASDAQ: WPRT) in a research report issued to clients and investors on Friday. The firm set an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Capital initiated coverage on shares of Westport Innovations in a research note to investors on Friday. They set an “outperform” rating and a $32.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Westport Innovations in a research note to investors on Wednesday. They now have a $45.00 price target on the stock. Finally, analysts at JPMorgan Chase reiterated a “neutral” rating on shares of Westport Innovations in a research note to investors on Tuesday, February 19th.
Nine investment analysts have rated the stock with a buy rating, three have issued a hold rating, and three have given a sell rating to the company’s stock. The stock presently has a consensus rating of “overweight” and an average price target of $31.82.
Shares of Westport Innovations opened at 28.27 on Friday. Westport Innovations has a 52 week low of $21.93 and a 52 week high of $50.19. The stock’s 50-day moving average is currently $28.45. The company’s market cap is $1.517 billion.
Westport Innovations last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by $0.21. The company had revenue of $82.80 million for the quarter, compared to the consensus estimate of $75.90 million. During the same quarter last year, the company posted ($0.30) earnings per share. Westport Innovations’s revenue was down 17.7% compared to the same quarter last year. On average, analysts predict that Westport Innovations will post $-1.57 earnings per share for the current fiscal year.
Westport Innovations Inc. (Westport) is a provider of engine and fuel system technologies utilizing gaseous fuels.
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