Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD had its price objective dropped by equities researchers at UBS Group from $2.00 to $1.40 in a report released on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. UBS Group's price objective suggests a potential upside of 0.36% from the company's previous close.
A number of other analysts have also recently weighed in on BLDP. Roth Mkm lowered their price target on Ballard Power Systems from $1.75 to $1.25 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Wells Fargo & Company set a $1.00 price target on Ballard Power Systems in a research report on Thursday, March 13th. Citigroup reiterated a "sell" rating and set a $1.00 target price (down from $1.50) on shares of Ballard Power Systems in a research report on Thursday, April 17th. HSBC lowered their price target on Ballard Power Systems from $1.90 to $1.40 and set a "hold" rating for the company in a research note on Friday, March 14th. Finally, StockNews.com raised Ballard Power Systems to a "sell" rating in a research note on Thursday. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $2.09.
Read Our Latest Analysis on BLDP
Ballard Power Systems Stock Up 3.3%
Shares of NASDAQ BLDP traded up $0.05 during trading hours on Monday, hitting $1.40. The stock had a trading volume of 9,515,875 shares, compared to its average volume of 9,165,999. The firm's 50-day moving average price is $1.20 and its two-hundred day moving average price is $1.40. Ballard Power Systems has a 52 week low of $1.00 and a 52 week high of $3.34. The company has a market capitalization of $418.27 million, a P/E ratio of -1.27 and a beta of 1.68. 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 (NASDAQ:BLDP - Get Free Report) TSE: BLD last released its earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.05. The firm had revenue of $14.76 million during the quarter, compared to analyst estimates of $16.82 million. Ballard Power Systems had a negative net margin of 357.78% and a negative return on equity of 19.96%. Analysts anticipate that Ballard Power Systems will post -0.54 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of BLDP. SG Americas Securities LLC acquired a new stake in Ballard Power Systems during the fourth quarter worth about $176,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in Ballard Power Systems by 35.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 40,798 shares of the technology company's stock valued at $68,000 after acquiring an additional 10,767 shares during the last quarter. Van ECK Associates Corp increased its stake in 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 acquiring an additional 644,861 shares during the last quarter. Alberta Investment Management Corp acquired a new position in Ballard Power Systems during the fourth quarter valued at approximately $310,000. Finally, Raymond James Financial Inc. bought a new stake in Ballard Power Systems during the fourth quarter worth $27,000. Institutional investors and hedge funds own 28.02% of the company's stock.
Ballard Power Systems Company Profile
(
Get Free Report)
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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