Media headlines about Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Westport Fuel Systems earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news headlines about the auto parts company an impact score of 46.1192238268933 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several equities research analysts have weighed in on the stock. ValuEngine downgraded shares of Westport Fuel Systems from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Oppenheimer Holdings, Inc. started coverage on shares of Westport Fuel Systems in a report on Wednesday, August 16th. They set an “outperform” rating and a $3.00 target price for the company. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. CIBC started coverage on shares of Westport Fuel Systems in a report on Thursday, August 17th. They issued an “outperform” rating and a $3.00 price objective for the company. Finally, Zacks Investment Research raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $2.69.
Westport Fuel Systems (WPRT) opened at 2.89 on Wednesday. Westport Fuel Systems has a one year low of $0.82 and a one year high of $2.95. The firm’s market cap is $376.86 million. The stock has a 50 day moving average of $2.13 and a 200 day moving average of $1.62.
Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last released its quarterly earnings data on Monday, August 14th. The auto parts company reported ($0.12) EPS for the quarter, topping 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 quarter in the previous year, the company posted $0.05 earnings per share. The firm’s revenue was up 66.9% on a year-over-year basis. On average, equities analysts forecast that Westport Fuel Systems will post ($0.49) earnings per share for the current year.
Westport Fuel Systems Company Profile
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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