Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD had its price objective lifted by equities researchers at Susquehanna from $1.30 to $2.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. Susquehanna's target price points to a potential downside of 1.96% from the stock's previous close.
Several other analysts have also weighed in on the company. UBS Group decreased their price target on Ballard Power Systems from $2.00 to $1.40 and set a "neutral" rating on the stock in a report on Monday, May 12th. Citigroup reissued a "sell" rating and set a $1.00 price target (down previously from $1.50) on shares of Ballard Power Systems in a research report on Thursday, April 17th. Wall Street Zen raised Ballard Power Systems to a "sell" rating in a research report on Thursday, May 8th. Finally, National Bank Financial raised Ballard Power Systems to a "hold" rating in a research report on Sunday, June 8th. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Ballard Power Systems currently has an average rating of "Hold" and a consensus target price of $2.14.
Check Out Our Latest Analysis on BLDP
Ballard Power Systems Price Performance
NASDAQ BLDP traded up $0.10 on Monday, reaching $2.04. 6,333,048 shares of the company's stock traded hands, compared to its average volume of 6,883,808. The company has a debt-to-equity ratio of 0.03, a current ratio of 9.00 and a quick ratio of 8.13. Ballard Power Systems has a 12 month low of $1.00 and a 12 month high of $2.38. The stock has a market cap of $611.69 million, a PE ratio of -2.00 and a beta of 1.71. The stock has a 50-day simple moving average of $1.56 and a 200 day simple moving average of $1.41.
Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.05. Ballard Power Systems had a negative return on equity of 20.41% and a negative net margin of 430.17%. The firm had revenue of $14.76 million during the quarter, compared to the consensus estimate of $16.82 million. As a group, research analysts predict that Ballard Power Systems will post -0.54 earnings per share for the current year.
Institutional Investors Weigh In On Ballard Power Systems
A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its position in Ballard Power Systems by 20.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,916,541 shares of the technology company's stock valued at $5,408,000 after buying an additional 829,012 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Ballard Power Systems by 56.2% in the 1st quarter. Jane Street Group LLC now owns 1,485,948 shares of the technology company's stock valued at $1,635,000 after purchasing an additional 534,834 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ballard Power Systems by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,081,746 shares of the technology company's stock worth $4,499,000 after buying an additional 285,317 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new stake in Ballard Power Systems during the 1st quarter worth $40,000. Finally, Amundi raised its stake in Ballard Power Systems by 16.1% during the 1st quarter. Amundi now owns 68,140 shares of the technology company's stock worth $74,000 after buying an additional 9,454 shares during the period. 28.02% of the stock is currently owned by institutional investors.
About Ballard Power Systems
(
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Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.
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