Brokerages Set Westport Fuel Systems Inc. (NASDAQ:WPRT) Target Price at $15.10

Westport Fuel Systems Inc. (NASDAQ:WPRT) (TSE:WPRT) has earned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $15.10.

A number of research analysts have weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $30.00 price target on shares of Westport Fuel Systems in a research note on Wednesday, March 27th. Royal Bank of Canada lowered their price objective on shares of Westport Fuel Systems from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 27th. Oppenheimer reiterated an “outperform” rating and issued a $19.00 price objective on shares of Westport Fuel Systems in a report on Wednesday, March 27th. Finally, TD Securities lowered their price objective on shares of Westport Fuel Systems from $8.00 to $7.50 and set a “market perform” rating on the stock in a report on Wednesday, March 27th.

Westport Fuel Systems Stock Up 0.8 %

Westport Fuel Systems stock opened at $5.69 on Friday. The company’s 50 day simple moving average is $6.09 and its 200 day simple moving average is $6.20. Westport Fuel Systems has a fifty-two week low of $4.90 and a fifty-two week high of $12.00. The firm has a market capitalization of $97.70 million, a price-to-earnings ratio of -1.99 and a beta of 2.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.61 and a quick ratio of 1.11.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last announced its quarterly earnings results on Monday, March 25th. The auto parts company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.19). Westport Fuel Systems had a negative net margin of 14.97% and a negative return on equity of 26.18%. The company had revenue of $87.20 million during the quarter, compared to the consensus estimate of $82.00 million. As a group, sell-side analysts anticipate that Westport Fuel Systems will post -1.73 EPS for the current year.

Hedge Funds Weigh In On Westport Fuel Systems

A number of institutional investors have recently added to or reduced their stakes in WPRT. AE Wealth Management LLC increased its holdings in Westport Fuel Systems by 25.0% during the third quarter. AE Wealth Management LLC now owns 51,439 shares of the auto parts company’s stock worth $312,000 after buying an additional 10,300 shares during the last quarter. Trellus Management Company LLC increased its holdings in Westport Fuel Systems by 32.1% during the third quarter. Trellus Management Company LLC now owns 83,238 shares of the auto parts company’s stock worth $504,000 after buying an additional 20,238 shares during the last quarter. Grace & White Inc. NY increased its holdings in Westport Fuel Systems by 18.1% during the third quarter. Grace & White Inc. NY now owns 399,876 shares of the auto parts company’s stock worth $2,423,000 after buying an additional 61,199 shares during the last quarter. Finally, AMH Equity Ltd acquired a new position in Westport Fuel Systems during the third quarter worth $991,000. 21.30% of the stock is currently owned by institutional investors and hedge funds.

About Westport Fuel Systems

Westport Fuel Systems Inc engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications in Europe, Asia, North America, South America, and internationally. The company operates through two segments, Original Equipment Manufacturers and Independent Aftermarket.