Northland Securities Sets Westport Innovations Price Target at $47.00 (WPRT)
Investment analysts at Northland Securities dropped their target price on shares of Westport Innovations (NASDAQ: WPRT) from $52.00 to $47.00 in a note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock.
Westport Innovations traded down 2.03% on Wednesday, hitting $25.06. Westport Innovations has a 1-year low of $19.66 and a 1-year high of $50.19. The company’s market cap is $1.213 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 $-0.27 EPS next quarter.
WPRT has been the subject of a number of other recent research reports. 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. Separately, analysts at CIBC upgraded shares of Westport Innovations from an “underperform” rating to an “underperform” rating in a research note to investors on Monday, April 23rd. Finally, analysts at Jefferies Group (NYSE: JEF) reiterated a “buy” rating on shares of Westport Innovations in a research note to investors on Wednesday, April 18th.
Westport Innovations Inc. (Westport) is a provider of engine and fuel system technologies utilizing gaseous fuels.