HC Wainwright Comments on Westport Fuel Systems Inc.'s FY2028 Earnings (NASDAQ:WPRT)

Westport Fuel Systems Inc. (NASDAQ:WPRT - Free Report) TSE: WPRT - Investment analysts at HC Wainwright issued their FY2028 earnings per share estimates for Westport Fuel Systems in a research report issued on Wednesday, March 27th. HC Wainwright analyst A. Dayal expects that the auto parts company will post earnings of $1.13 per share for the year. HC Wainwright has a "Buy" rating and a $30.00 price objective on the stock. The consensus estimate for Westport Fuel Systems' current full-year earnings is ($1.56) per share.

Several other research analysts also recently commented on WPRT. Oppenheimer reissued an "outperform" rating and set a $19.00 target price on shares of Westport Fuel Systems in a research note on Wednesday. TD Securities reduced their price target on Westport Fuel Systems from $8.00 to $7.50 and set a "market perform" rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada reduced their price target on Westport Fuel Systems from $10.00 to $9.00 and set a "sector perform" rating on the stock in a report on Wednesday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $15.10.

Westport Fuel Systems Price Performance

NASDAQ WPRT traded down $0.06 during trading on Friday, hitting $6.74. 99,830 shares of the company's stock were exchanged, compared to its average volume of 80,665. The company has a current ratio of 1.61, a quick ratio of 1.14 and a debt-to-equity ratio of 0.19. The company has a market cap of $115.73 million, a PE ratio of -2.36 and a beta of 2.45. Westport Fuel Systems has a fifty-two week low of $4.90 and a fifty-two week high of $12.00. The stock's 50 day moving average price is $6.05 and its two-hundred day moving average price is $6.24.

Institutional Trading of Westport Fuel Systems

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in Westport Fuel Systems in the fourth quarter valued at approximately $74,000. Royal Bank of Canada lifted its stake in Westport Fuel Systems by 31.1% in the fourth quarter. Royal Bank of Canada now owns 18,787 shares of the auto parts company's stock valued at $125,000 after buying an additional 4,457 shares during the period. Advisor Group Holdings Inc. lifted its stake in Westport Fuel Systems by 70.8% in the first quarter. Advisor Group Holdings Inc. now owns 21,226 shares of the auto parts company's stock valued at $34,000 after buying an additional 8,800 shares during the period. Cibc World Market Inc. acquired a new position in Westport Fuel Systems in the first quarter valued at approximately $51,000. Finally, Captrust Financial Advisors lifted its stake in Westport Fuel Systems by 107.6% in the third quarter. Captrust Financial Advisors now owns 34,876 shares of the auto parts company's stock valued at $30,000 after buying an additional 18,076 shares during the period. 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, the Americas, Asia, Africa, and internationally. The company operates through Original Equipment Manufacturer and Independent Aftermarket segments.