Westport Fuel Systems Inc (NASDAQ:WPRT) (TSE:WPT) had its price target boosted by Lake Street Capital from $3.00 to $5.00 in a research report report published on Thursday morning. They currently have a hold rating on the auto parts company’s stock. Lake Street Capital also issued estimates for Westport Fuel Systems’ Q1 2018 earnings at ($0.08) EPS, Q2 2018 earnings at ($0.07) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.03) EPS and FY2021 earnings at $0.19 EPS.

A number of other analysts also recently weighed in on WPRT. ValuEngine raised shares of Westport Fuel Systems from a sell rating to a hold rating in a report on Wednesday, August 16th. BidaskClub raised shares of Westport Fuel Systems from a hold rating to a buy rating in a report on Thursday, August 17th. HC Wainwright set a $5.00 price target on shares of Westport Fuel Systems and gave the company a buy rating in a report on Tuesday, August 15th. Cowen and Company set a $2.00 price target on shares of Westport Fuel Systems and gave the company a hold rating in a report on Monday, August 14th. Finally, CIBC began coverage on shares of Westport Fuel Systems in a report on Thursday, August 17th. They issued an outperform rating and a $3.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Westport Fuel Systems presently has an average rating of Hold and a consensus target price of $3.02.

Westport Fuel Systems (NASDAQ:WPRT) traded down 0.28% during midday trading on Thursday, hitting $3.58. 2,023,809 shares of the stock traded hands. The company has a 50-day moving average of $2.77 and a 200-day moving average of $1.88. The stock’s market cap is $466.84 million. Westport Fuel Systems has a 1-year low of $0.82 and a 1-year high of $3.75.

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

COPYRIGHT VIOLATION WARNING: This news story was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another site, it was copied illegally and reposted in violation of United States and international trademark and copyright laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/06/westport-fuel-systems-inc-wprt-given-new-5-00-price-target-at-lake-street-capital.html.

Large investors have recently added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings 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 acquiring an additional 346 shares during the period. Royal Bank of Canada lifted its holdings 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 acquiring an additional 375 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Westport Fuel Systems by 496.2% during the 1st quarter. Wells Fargo & Company MN now owns 108,054 shares of the auto parts company’s stock worth $103,000 after acquiring an additional 89,931 shares during the period. KCG Holdings Inc. lifted its holdings 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 acquiring an additional 96,365 shares during the period. Finally, US Bancorp DE lifted its holdings 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 acquiring an additional 96,401 shares during the period. 9.35% of the stock is 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.

Analyst Recommendations for Westport Fuel Systems (NASDAQ:WPRT)

Receive News & Stock Ratings for Westport Fuel Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westport Fuel Systems Inc and related stocks with our FREE daily email newsletter.