Canaccord Genuity Maintains a 'Hold' on Westport Innovations (WPRT); Product Line Intro Adds Volatility
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Price: $5.65 -0.53%
Rating Summary:
8 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
8 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Canaccord Genuity maintains a 'Hold' on Westport Innovations (NASDAQ: WPRT) price target of $44.00.
Analyst, John Quealy, said, "We maintain our rating as the rapid pace of new product line introduction and volume growth necessitates accelerated investment and 12L launch tempers near-term margins. Shares will likely remain very volatile...Our 2012 estimates go to $400.0M/$(1.04) from $408.0M/$(0.80), while we introduce 2013 estimates of $487.5M/$(0.75)."
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 $40.47 yesterday.
Analyst, John Quealy, said, "We maintain our rating as the rapid pace of new product line introduction and volume growth necessitates accelerated investment and 12L launch tempers near-term margins. Shares will likely remain very volatile...Our 2012 estimates go to $400.0M/$(1.04) from $408.0M/$(0.80), while we introduce 2013 estimates of $487.5M/$(0.75)."
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 $40.47 yesterday.
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