Westport Fuel Systems (NASDAQ:WPRT) Getting Somewhat Positive News Coverage, Analysis Shows

Media headlines about Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Westport Fuel Systems earned a news impact score of 0.09 on Accern’s scale. Accern also gave news stories about the auto parts company an impact score of 46.7121762997788 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Westport Fuel Systems (NASDAQ:WPRT) traded down 0.43% during midday trading on Friday, reaching $2.29. 881,771 shares of the company’s stock traded hands. The stock has a 50 day moving average of $1.87 and a 200-day moving average of $1.47. Westport Fuel Systems has a 12 month low of $0.82 and a 12 month high of $2.65. The stock’s market cap is $298.62 million.

Westport Fuel Systems (NASDAQ:WPRT) (TSE:WPT) last posted its quarterly earnings data on Monday, August 14th. The auto parts company reported ($0.12) earnings per share (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 business had revenue of $62.10 million during the quarter, compared to the consensus estimate of $58.44 million. During the same quarter last year, the company posted $0.05 earnings per share. The firm’s quarterly revenue was up 66.9% compared to the same quarter last year. On average, equities research analysts forecast that Westport Fuel Systems will post ($0.49) EPS for the current fiscal year.

A number of analysts recently weighed in on WPRT shares. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Thursday. HC Wainwright set a $5.00 target price on shares of Westport Fuel Systems and gave the stock a “buy” rating in a report on Tuesday. Zacks Investment Research raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research report on Thursday, July 13th. Cowen and Company reissued a “hold” rating and set a $1.50 price target on shares of Westport Fuel Systems in a research report on Friday, July 14th. Finally, ValuEngine raised shares of Westport Fuel Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Westport Fuel Systems presently has a consensus rating of “Buy” and an average price target of $2.69.

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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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