Is Westport Fuel Systems Inc. (NASDAQ: WPRT) Back In The Buying Zone?


    With over 1.52 million Westport Fuel Systems Inc. (WPRT) shares trading Tuesday and a closing price of $1.74 on the day, the dollar volume was approximately $2.65 million. The shares have shown a negative weekly performance of -3.33% and its price on 09/01/20 gained nearly 2.35%. Currently, there are 136.76M common shares owned by the public and among those 117.17M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for WPRT have a consensus price objective of $3.90. The analysts have set the share’s price value over the next 12 months at a high of $5.00 and a low of $2.50 should the stock experience a downside. Incidentally, analysts’ outlook for the Westport Fuel Systems Inc. stock is 2.00 for the next 12 months. But an upside of 65.2% will see the stock hit the forecast high price target while mean target price for the stock is $4.00.

    Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

    The top 3 mutual fund holders in Westport Fuel Systems Inc. are Royce Opportunity Fund, Pembroke Canadian Growth Fund, and Legg Mason Global Funds Plc – Roy. Royce Opportunity Fund owns 2.31 million shares of the company’s stock, all valued at over $3.59 million. The company sold 43241.0 shares recently to bring their total holdings to about 1.69% of the shares outstanding. Pembroke Canadian Growth Fund sold -0.46 million shares to see its total holdings shrink to 1.35 million shares valued at over $2.09 million and representing 0.99% of the shares outstanding. Legg Mason Global Funds Plc – Roy sold 39400.0 shares to bring its total holdings to over 1.29 million shares at a value of $1.99 million. Legg Mason Global Funds Plc – Roy now owns shares totaling to 0.94% of the shares outstanding.

    Shares of Westport Fuel Systems Inc. (NASDAQ: WPRT) opened at $1.87, up $0.17 from a prior closing price of $1.70. However, the script later closed the day at $1.74, up 2.35%. The company’s stock has a 5-day price change of -3.33% and 20.83% over the past three months. WPRT shares are trading -26.58% year to date (YTD), with the 12-month market performance down to -32.82% lower. It has a 12-month low price of $0.70 and touched a high of $3.39 over the same period. Currently, 1.52 million shares have been traded, compared to an average intraday trading volume of 1.40 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.81%, 11.93%, and 0.48% respectively.

    Institutional ownership of Westport Fuel Systems Inc. (NASDAQ: WPRT) shares accounts for 24.99% of the company’s 136.76M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

    It has a market capitalization of $237.96M. The earnings-per-share (ttm) stands at -$0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.19% over the week and 9.93% over the month.

    Analysts forecast that Westport Fuel Systems Inc. (WPRT) will achieve an EPS of -$0.04 for the current quarter, $0 for the next quarter and $0.11 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was $0.04 a year ago.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Westport Fuel Systems Inc. (WPRT) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 1 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the WPRT, a number of firms have released research notes about the stock. Lake Street stated their Buy rating for the stock in a research note on May 10, 2019, with the firm’s price target at $5. Lake Street coverage for the Westport Fuel Systems Inc. (WPRT) stock in a research note released on February 05, 2019 offered a Hold rating with a price target of. H.C. Wainwright was of a view on September 20, 2018 that the stock is Buy, while Lake Street gave the stock Buy rating on November 15, 2017, issuing a price target of $5- $5. Lake Street on their part issued Hold rating on October 05, 2017.


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