Ballard Power Systems Inc. (NASDAQ:BLDP – Get Rating) (TSE:BLD) has been given a consensus rating of “Hold” by the sixteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $12.18.
A number of equities analysts recently weighed in on the company. KeyCorp reiterated a “sector weight” rating on shares of Ballard Power Systems in a research report on Thursday, June 2nd. Raymond James lowered Ballard Power Systems from an “outperform” rating to a “market perform” rating and increased their price target for the company from $9.00 to $10.00 in a research report on Wednesday, August 10th. National Bankshares decreased their price target on Ballard Power Systems from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, August 11th. B. Riley decreased their price target on Ballard Power Systems from $15.00 to $12.00 in a research report on Tuesday, May 10th. Finally, Cowen increased their price target on Ballard Power Systems to $9.00 in a research report on Monday, August 15th.
Ballard Power Systems Trading Down 5.1 %
Ad Tradewins
The Safest Option in Trades!
If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult.
And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves!
Shares of BLDP stock opened at $7.99 on Friday. The stock has a 50-day simple moving average of $7.42 and a 200 day simple moving average of $8.60. Ballard Power Systems has a fifty-two week low of $5.75 and a fifty-two week high of $19.66. The stock has a market capitalization of $2.38 billion, a P/E ratio of -13.78 and a beta of 1.77. The company has a quick ratio of 14.36, a current ratio of 15.16 and a debt-to-equity ratio of 0.01.
Ballard Power Systems (NASDAQ:BLDP – Get Rating) (TSE:BLD) last announced its earnings results on Wednesday, August 10th. The technology company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.07). Ballard Power Systems had a negative net margin of 164.44% and a negative return on equity of 12.13%. The firm had revenue of $20.90 million for the quarter, compared to the consensus estimate of $24.16 million. During the same period in the prior year, the business earned ($0.07) EPS. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, sell-side analysts expect that Ballard Power Systems will post -0.61 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Ballard Power Systems
A number of hedge funds and other institutional investors have recently made changes to their positions in BLDP. abrdn plc raised its stake in shares of Ballard Power Systems by 562.8% during the 4th quarter. abrdn plc now owns 274,208 shares of the technology company’s stock worth $3,445,000 after purchasing an additional 232,839 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Ballard Power Systems by 10.6% during the 4th quarter. First Trust Advisors LP now owns 2,544,254 shares of the technology company’s stock worth $31,956,000 after purchasing an additional 243,197 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Ballard Power Systems by 22.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,328,022 shares of the technology company’s stock worth $16,680,000 after purchasing an additional 240,581 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Ballard Power Systems by 10.6% during the 4th quarter. CIBC Asset Management Inc now owns 221,038 shares of the technology company’s stock worth $2,775,000 after purchasing an additional 21,242 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. purchased a new stake in shares of Ballard Power Systems during the 4th quarter worth about $58,000. 35.47% of the stock is owned by hedge funds and other institutional investors.
Ballard Power Systems Company Profile
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 markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and backup power.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Ballard Power Systems, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Ballard Power Systems wasn’t on the list.
While Ballard Power Systems currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
