H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Westport Fuel Systems (WPRT – Research Report) today and set a price target of $12.00. The company’s shares closed last Monday at $1.92, close to its 52-week low of $1.66.
According to TipRanks.com, Dayal is a top 100 analyst with an average return of 51.9% and a 44.7% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as TOMI Environmental Solutions, Pioneer Power Solutions, and Renovare Environmental.
Currently, the analyst consensus on Westport Fuel Systems is a Moderate Buy with an average price target of $12.00.
Based on Westport Fuel Systems’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $74.34 million and GAAP net loss of $5.77 million. In comparison, last year the company earned revenue of $65.41 million and had a net profit of $822K.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WPRT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Westport Fuel Systems, Inc. engages in the engineering, manufacture, and supply of alternative fuel systems and components. It operates through the following segments: Transportation, Cummins Westport Inc. (CWI) Joint Venture, and Corporate. The Transportation segment designs, manufactures, and sells alternative fuel systems and components for transportation applications. The CWI Joint Venture segment serves the medium and heavy-duty on highway engine markets. The Corporate segment refers to the public company activities, corporate oversight, and general administrative duties. The company was founded on March 20, 1995 and is headquartered in Vancouver, Canada.
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