UBS Group Lowers Ballard Power Systems (NASDAQ:BLDP) Price Target to $1.40

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD had its target price decreased by analysts at UBS Group from $2.00 to $1.40 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. UBS Group's target price indicates a potential downside of 1.41% from the company's current price.

Several other equities research analysts have also recently issued reports on BLDP. National Bankshares cut their target price on Ballard Power Systems from $2.60 to $2.00 and set a "sector perform" rating for the company in a research note on Friday, March 14th. Susquehanna cut their price objective on Ballard Power Systems from $1.40 to $1.30 and set a "neutral" rating for the company in a research report on Monday, April 14th. BMO Capital Markets decreased their target price on shares of Ballard Power Systems from $1.30 to $1.20 and set an "underperform" rating on the stock in a research report on Friday, March 14th. HSBC dropped their price target on shares of Ballard Power Systems from $1.90 to $1.40 and set a "hold" rating for the company in a research report on Friday, March 14th. Finally, Roth Mkm decreased their price objective on shares of Ballard Power Systems from $1.75 to $1.25 and set a "neutral" rating on the stock in a report on Friday, March 14th. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $2.09.

Ballard Power Systems Trading Up 3.6%

Shares of NASDAQ BLDP traded up $0.05 during trading on Monday, hitting $1.42. 18,037,313 shares of the company were exchanged, compared to its average volume of 5,736,469. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.19 and a current ratio of 9.01. Ballard Power Systems has a 12-month low of $1.00 and a 12-month high of $3.23. The company has a fifty day moving average price of $1.22 and a 200-day moving average price of $1.39. The firm has a market capitalization of $425.76 million, a PE ratio of -1.29 and a beta of 1.68.

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD last posted 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. The business had revenue of $14.76 million during the quarter, compared to analysts' expectations of $16.82 million. Ballard Power Systems had a negative net margin of 357.78% and a negative return on equity of 19.96%. As a group, equities research analysts expect that Ballard Power Systems will post -0.54 EPS for the current year.

Institutional Trading of Ballard Power Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Ballard Power Systems by 71.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,020,801 shares of the technology company's stock worth $1,695,000 after acquiring an additional 425,374 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Ballard Power Systems by 35.4% in the fourth quarter. Van ECK Associates Corp now owns 2,466,084 shares of the technology company's stock valued at $4,094,000 after buying an additional 644,861 shares during the last quarter. XTX Topco Ltd grew its stake in shares of Ballard Power Systems by 494.0% in the 4th quarter. XTX Topco Ltd now owns 523,941 shares of the technology company's stock valued at $870,000 after purchasing an additional 435,729 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Ballard Power Systems in the 4th quarter worth $27,000. Finally, Portolan Capital Management LLC acquired a new stake in Ballard Power Systems in the fourth quarter valued at about $2,508,000. 28.02% of the stock is currently owned by institutional investors and hedge funds.

About Ballard Power Systems

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.