Westport Fuel Systems (NASDAQ:WPRT) Receives "Buy" Rating from HC Wainwright

Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT's stock had its "buy" rating reaffirmed by research analysts at HC Wainwright in a note issued to investors on Friday,Benzinga reports. They presently have a $22.00 price objective on the auto parts company's stock. HC Wainwright's price target points to a potential upside of 430.12% from the company's current price.

WPRT has been the subject of a number of other research reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $8.00 target price on shares of Westport Fuel Systems in a report on Thursday. StockNews.com upgraded Westport Fuel Systems from a "sell" rating to a "hold" rating in a report on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Westport Fuel Systems has an average rating of "Hold" and an average price target of $14.13.

Westport Fuel Systems Trading Up 2.5 %

Shares of Westport Fuel Systems stock traded up $0.10 during trading hours on Friday, hitting $4.15. The company's stock had a trading volume of 70,421 shares, compared to its average volume of 67,660. Westport Fuel Systems has a 12 month low of $3.91 and a 12 month high of $7.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.60 and a quick ratio of 1.10. The company has a market capitalization of $71.65 million, a PE ratio of -2.79 and a beta of 2.84. The stock has a 50 day moving average of $4.44 and a 200 day moving average of $5.36.

Westport Fuel Systems (NASDAQ:WPRT - Get Free Report) TSE: WPRT last announced its quarterly earnings results on Tuesday, November 12th. The auto parts company reported ($0.22) earnings per share for the quarter, beating analysts' consensus estimates of ($0.41) by $0.19. Westport Fuel Systems had a negative net margin of 8.01% and a negative return on equity of 25.57%. The firm had revenue of $66.25 million for the quarter, compared to analyst estimates of $66.88 million. During the same quarter in the previous year, the firm posted ($0.68) earnings per share. Analysts predict that Westport Fuel Systems will post -1.89 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Grace & White Inc. NY increased its position in Westport Fuel Systems by 19.0% during the 3rd quarter. Grace & White Inc. NY now owns 744,182 shares of the auto parts company's stock worth $3,416,000 after buying an additional 118,860 shares during the period. US Bancorp DE grew its stake in shares of Westport Fuel Systems by 170.7% in the third quarter. US Bancorp DE now owns 188,349 shares of the auto parts company's stock valued at $865,000 after acquiring an additional 118,780 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Westport Fuel Systems during the second quarter worth about $67,000. 21.30% of the stock is currently owned by institutional investors.

Westport Fuel Systems Company Profile

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.