Westport Innovations (WPRT) PT, Estimates Cut at Northland Capital Markets on Weak Q4, Guidance
Get Alerts WPRT Hot Sheet
Rating Summary:
8 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 19
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Northland Capital Markets analyst Noah Kaye cut his price target on Westport Innovations (NASDAQ: WPRT) to $5.50 (from $6.00) following weak Q4 results and guidance after the close. The firm maintained a Market Perform rating.
Kaye commented, "WPRT guided 2015 revenue below consensus and continued to burn cash as management highlighted steps to right-size operations in a challenging business environment. We maintain our Market Perform rating and lower our PT to $5.50 (from $6) based on 2x our 2016E EV/Rev of $164M."
FY 2015 EPS goes down from ($0.58) to ($1.23).
For an analyst ratings summary and ratings history on Westport Innovations click here. For more ratings news on Westport Innovations click here.
Shares of Westport Innovations closed at $5.68 yesterday.
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