Shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) have received a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $2.78.

Several brokerages have recently weighed in on WPRT. ValuEngine downgraded Westport Fuel Systems from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. CIBC began coverage on Westport Fuel Systems in a research report on Thursday, August 17th. They issued an “outperform” rating and a $3.00 target price for the company. BidaskClub raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Oppenheimer Holdings, Inc. assumed coverage on Westport Fuel Systems in a research report on Wednesday, August 16th. They issued an “outperform” rating and a $3.00 target price for the company. Finally, HC Wainwright set a $5.00 price target on Westport Fuel Systems and gave the company a “buy” rating in a report on Tuesday, August 15th.

A number of hedge funds and other institutional investors have recently made changes to their positions in WPRT. Wells Fargo & Company MN raised its stake in Westport Fuel Systems by 496.2% during the first quarter. Wells Fargo & Company MN now owns 108,054 shares of the auto parts company’s stock valued at $103,000 after buying an additional 89,931 shares in the last quarter. KCG Holdings Inc. raised its position in shares of Westport Fuel Systems by 313.2% during the 1st quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 96,365 shares during the period. Northern Trust Corp raised its position in shares of Westport Fuel Systems by 0.5% during the 2nd quarter. Northern Trust Corp now owns 68,774 shares of the auto parts company’s stock worth $161,000 after purchasing an additional 346 shares during the period. Royal Bank of Canada raised its position in shares of Westport Fuel Systems by 0.5% during the 2nd quarter. Royal Bank of Canada now owns 72,049 shares of the auto parts company’s stock worth $169,000 after purchasing an additional 375 shares during the period. Finally, US Bancorp DE raised its position in shares of Westport Fuel Systems by 62.7% during the 1st quarter. US Bancorp DE now owns 250,200 shares of the auto parts company’s stock worth $240,000 after purchasing an additional 96,401 shares during the period. Hedge funds and other institutional investors own 9.38% of the company’s stock.

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Westport Fuel Systems (NASDAQ:WPRT) traded up 1.41% during midday trading on Monday, reaching $2.88. The company’s stock had a trading volume of 287,022 shares. The company has a 50 day moving average of $2.17 and a 200-day moving average of $1.63. The company’s market capitalization is $375.55 million. Westport Fuel Systems has a 1-year low of $0.82 and a 1-year high of $2.95.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last posted its quarterly earnings results on Monday, August 14th. The auto parts company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.03. Westport Fuel Systems had a negative return on equity of 65.98% and a negative net margin of 20.37%. The firm had revenue of $62.10 million during the quarter, compared to the consensus estimate of $58.44 million. During the same quarter in the previous year, the business earned $0.05 earnings per share. The firm’s quarterly revenue was up 66.9% compared to the same quarter last year. Equities research analysts anticipate that Westport Fuel Systems will post ($0.49) earnings per share for the current fiscal year.

About Westport Fuel Systems

Westport Fuel Systems Inc, formerly Westport Innovations Inc, is a Canada-based provider of low-emission engine and fuel system technologies utilizing gaseous fuels. It operates through the Westport Operations segment. The Westport Operations segment designs, manufactures and sells compressed natural gas, liquefied natural gas, and liquefied petroleum gas components and systems to original equipment manufacturers and to aftermarket customers.

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