Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Other equities research analysts have also issued research reports about the company. BidaskClub raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research raised Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research report on Thursday, July 13th. HC Wainwright set a $5.00 price target on Westport Fuel Systems and gave the company a “buy” rating in a research report on Tuesday, August 15th. Cowen and Company set a $2.00 price target on Westport Fuel Systems and gave the company a “hold” rating in a research report on Monday, August 14th. Finally, CIBC started coverage on Westport Fuel Systems in a research report on Thursday, August 17th. They issued an “outperform” rating and a $3.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $2.69.

Shares of Westport Fuel Systems (NASDAQ:WPRT) traded up 2.61% during trading on Friday, hitting $2.75. The stock had a trading volume of 1,348,497 shares. Westport Fuel Systems has a 12 month low of $0.82 and a 12 month high of $2.84. The company’s 50 day moving average price is $1.96 and its 200 day moving average price is $1.55. The stock’s market cap is $358.60 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 (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $58.44 million. During the same quarter in the prior year, the company earned $0.05 EPS. Westport Fuel Systems’s revenue was up 66.9% on a year-over-year basis. Equities research analysts expect that Westport Fuel Systems will post ($0.49) earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in 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 worth $103,000 after buying an additional 89,931 shares in the last quarter. KCG Holdings Inc. raised its stake in 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 worth $122,000 after buying an additional 96,365 shares in the last quarter. Northern Trust Corp raised its stake in 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 worth $161,000 after buying an additional 346 shares in the last quarter. Royal Bank of Canada raised its stake in 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 worth $169,000 after buying an additional 375 shares in the last quarter. Finally, US Bancorp DE raised its stake in Westport Fuel Systems by 62.7% in the first quarter. US Bancorp DE now owns 250,200 shares of the auto parts company’s stock worth $240,000 after buying an additional 96,401 shares in the last quarter. 9.38% of the stock is currently owned by institutional investors.

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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