BidaskClub upgraded shares of Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) from a hold rating to a buy rating in a report published on Thursday morning.

WPRT has been the subject of several other reports. Zacks Investment Research raised shares of Westport Fuel Systems from a hold rating to a buy rating and set a $2.25 target price for the company in a report on Thursday, July 13th. ValuEngine lowered shares of Westport Fuel Systems from a hold rating to a sell rating in a report on Thursday, August 10th. HC Wainwright set a $5.00 target price on shares of Westport Fuel Systems and gave the company a buy rating in a report on Tuesday, August 15th. Cowen and Company reaffirmed a hold rating and set a $1.50 target price on shares of Westport Fuel Systems in a report on Friday, July 14th. Finally, Oppenheimer Holdings, Inc. initiated coverage on shares of Westport Fuel Systems in a report on Wednesday, August 16th. They set an outperform rating and a $3.00 target price for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Westport Fuel Systems currently has an average rating of Buy and an average price target of $2.69.

Westport Fuel Systems (WPRT) opened at 2.29 on Thursday. The firm has a 50 day moving average of $1.87 and a 200-day moving average of $1.47. Westport Fuel Systems has a 52-week low of $0.82 and a 52-week high of $2.65. The company’s market capitalization is $298.62 million.

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

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Large investors have recently modified their holdings of the company. Northern Trust Corp raised its stake in shares of Westport Fuel Systems by 0.5% in the second quarter. Northern Trust Corp now owns 68,774 shares of the auto parts company’s stock valued at $161,000 after buying an additional 346 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Westport Fuel Systems by 0.5% in the second quarter. Royal Bank of Canada now owns 72,049 shares of the auto parts company’s stock valued at $169,000 after buying an additional 375 shares during the last quarter. Royce & Associates LP raised its stake in shares of Westport Fuel Systems by 1.0% in the first quarter. Royce & Associates LP now owns 5,391,983 shares of the auto parts company’s stock valued at $5,176,000 after buying an additional 52,500 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Westport Fuel Systems by 496.2% in 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 during the last quarter. Finally, KCG Holdings Inc. raised its stake in shares of Westport Fuel Systems by 313.2% in the first quarter. KCG Holdings Inc. now owns 127,134 shares of the auto parts company’s stock valued at $122,000 after buying an additional 96,365 shares during the last quarter. 9.40% of the stock is owned by institutional investors.

Westport Fuel Systems Company Profile

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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