Westport Fuel Systems (NASDAQ:WPRT) Upgraded at BidaskClub

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday, BidAskClub reports.

A number of other research analysts also recently issued reports on WPRT. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Lake Street Capital set a $50.00 target price on shares of Shotspotter and gave the company a “buy” rating in a research report on Friday, May 10th. HC Wainwright restated a “buy” rating on shares of Advanced Emissions Solutions in a research report on Wednesday, March 20th. Cowen restated a “buy” rating on shares of G1 Therapeutics in a research report on Friday, May 10th. Finally, Zacks Investment Research upgraded shares of GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research report on Monday, May 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $4.19.

Westport Fuel Systems stock opened at $3.11 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 0.67. Westport Fuel Systems has a 1 year low of $1.17 and a 1 year high of $3.77. The firm has a market cap of $400.14 million, a P/E ratio of -10.03 and a beta of 1.67. The company’s 50-day simple moving average is $2.71.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPRT) last released its earnings results on Thursday, May 9th. The auto parts company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. Westport Fuel Systems had a negative net margin of 7.25% and a negative return on equity of 33.07%. The company had revenue of $73.19 million for the quarter, compared to the consensus estimate of $67.23 million. On average, research analysts expect that Westport Fuel Systems will post -0.09 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Stonehearth Capital Management LLC purchased a new position in shares of Westport Fuel Systems in the second quarter worth approximately $28,000. Granite Investment Partners LLC grew its position in Westport Fuel Systems by 113.5% during the first quarter. Granite Investment Partners LLC now owns 435,870 shares of the auto parts company’s stock valued at $675,000 after purchasing an additional 231,752 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Westport Fuel Systems by 58.1% during the first quarter. Oppenheimer & Co. Inc. now owns 141,200 shares of the auto parts company’s stock valued at $220,000 after purchasing an additional 51,900 shares in the last quarter. Trellus Management Company LLC grew its position in Westport Fuel Systems by 23.3% during the first quarter. Trellus Management Company LLC now owns 390,000 shares of the auto parts company’s stock valued at $605,000 after purchasing an additional 73,640 shares in the last quarter. Finally, Grace & White Inc. NY grew its position in Westport Fuel Systems by 5.6% during the first quarter. Grace & White Inc. NY now owns 2,079,204 shares of the auto parts company’s stock valued at $3,223,000 after purchasing an additional 110,800 shares in the last quarter. Institutional investors and hedge funds own 20.86% of the company’s stock.

Westport Fuel Systems Company Profile

Westport Fuel Systems Inc engineers, manufactures, and supplies alternative fuel systems and components for the transportation application worldwide. It operates through Transportation and Cummins Westport Inc (CWI) Joint Venture segments. The company offers fuel systems and components a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, original equipment manufacturers (OEMs) and delayed OEMs, electronics, current and advanced research and development programs, supply chain, and product planning activities.

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