Shares of Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) have been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $3.45.
A number of research analysts have issued reports on the company. BidaskClub upgraded Ballard Power Systems from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded Ballard Power Systems from a “sell” rating to a “buy” rating and set a $3.25 price target for the company in a research report on Monday, January 7th. HC Wainwright reiterated a “buy” rating and set a $5.00 price target on shares of Ballard Power Systems in a research report on Thursday, December 13th. B. Riley set a $3.00 price target on Ballard Power Systems and gave the stock a “hold” rating in a research report on Wednesday, November 14th. Finally, ValuEngine upgraded Ballard Power Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, November 7th.
Institutional investors and hedge funds have recently bought and sold shares of the company. HRT Financial LLC bought a new stake in shares of Ballard Power Systems in the 3rd quarter worth $132,000. CIBC World Markets Inc. bought a new stake in shares of Ballard Power Systems in the 3rd quarter worth $174,000. Lombard Odier Asset Management USA Corp bought a new stake in shares of Ballard Power Systems in the 3rd quarter worth $215,000. Virtu Financial LLC raised its stake in shares of Ballard Power Systems by 324.2% in the 3rd quarter. Virtu Financial LLC now owns 46,846 shares of the technology company’s stock worth $231,000 after buying an additional 35,802 shares in the last quarter. Finally, Global X Management Co LLC bought a new stake in shares of Ballard Power Systems in the 2nd quarter worth $231,000. 3.22% of the stock is currently owned by institutional investors.
Shares of BLDP stock opened at $3.09 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.52 and a debt-to-equity ratio of 0.05. Ballard Power Systems has a 1 year low of $2.25 and a 1 year high of $4.62. The firm has a market cap of $575.94 million, a price-to-earnings ratio of -103.00 and a beta of 1.93.
Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its quarterly earnings results on Wednesday, October 31st. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01). Ballard Power Systems had a negative return on equity of 14.64% and a negative net margin of 17.29%. The business had revenue of $21.57 million for the quarter, compared to analyst estimates of $31.27 million. Equities analysts expect that Ballard Power Systems will post -0.11 EPS for the current year.
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 worldwide. The company provides motive power products, including FCveloCity-9SSL and FCveloCity-1020ACS fuel cell stacks, as well as FCveloCity modules for material handling, bus, commercial vehicle, and light rail applications.
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