Canaccord Genuity Reaffirms Hold Rating on Westport Innovations (WPRT)
A number of other firms have also recently commented on WPRT. Analysts at Jefferies Group (NYSE: JEF) reiterated a “buy” rating on shares of Westport Innovations in a research note to investors on Friday. Separately, analysts at Northland Securities cut their price target on shares of Westport Innovations from $52.00 to $47.00 in a research note to investors on Wednesday, May 9th. They now have an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase (NYSE: JPM) upgraded shares of Westport Innovations from an “underweight” rating to a “neutral” rating in a research note to investors on Friday, May 4th. They now have a $29.00 price target on the stock.
Westport Innovations traded down 2.44% on Friday, hitting $25.64. Westport Innovations has a 1-year low of $19.66 and a 1-year high of $50.19. The company’s market cap is $1.408 billion.
Westport Innovations last released its earnings data on Tuesday, May 8th. The company reported ($0.44) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.34) by $0.10. The company’s quarterly revenue was up 132.5% on a year-over-year basis. Analysts expect that Westport Innovations will post $-0.30 EPS next quarter.
Westport Innovations Inc. (Westport) is a provider of engine and fuel system technologies utilizing gaseous fuels.