Westport Innovations (USA) (WPRT) is Initiated by Rodman & Renshaw to Buy, Price Target at $5

Westport Innovations (USA) (WPRT) was Initiated by Rodman & Renshaw to “Buy” and the brokerage firm has set the Price Target at $5. Rodman & Renshaw advised their investors in a research report released on Jun 20, 2016.

On the company’s financial health, Westport Innovations (USA) reported $-0.35 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Mar 29, 2016. Analyst had a consensus of $-0.28. The company had revenue of $32.00 million for the quarter, compared to analysts expectations of $32.43 million. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.02 EPS.

Westport Innovations (USA) (WPRT) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $1.85 and reached the intraday high at $1.8999. The bulls started the profit booking and pushed the shares to intraday low of $1.84. The trading session was marked by a volume range of 2,94,763 shares exchanging hands. The 52-week high of the shares is $5.4799 and the 52-week low is $1.3. The market cap of the company stands at $119 M and there are 6,45,03,067 shares in public circulation.

Westport Innovations Inc. is a provider of engine and fuel system technologies utilizing gaseous fuels. The Company operates through six segments: Westport Applied Technologies Business Unit Westport On-Road Systems Business Unit Westport Off-Road Systems Business Unit Corporate and Technology Investments Business Unit Cummins Westport Inc and Weichai Westport Inc. Westport Applied Technologies Business Unit designs produces and sells compressed natural gas and liquefied petroleum gas components and subsystems for natural gas vehicles. Westport On-Road Systems Business Unit engineers designs assemble and sell natural gas engine and vehicle systems. Westport Off-Road Systems Business Unit engineers designs and markets the Company’s natural gas technologies. Cummins Westport serves the medium- to heavy-duty engine markets with spark ignited natural gas engines. Weichai Westport develops manufactures and sells advanced alternative fuel engines and parts.

Westport Innovations  (USA)

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