Ballard Power Systems Inc. (NASDAQ:BLDP) Receives $2.77 Average Target Price from Analysts

by · The Markets Daily

Ballard Power Systems Inc. (NASDAQ:BLDP – Get Free Report) (TSE:BLD) has earned an average rating of “Reduce” from the fifteen brokerages that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $2.77.

A number of research analysts have commented on the company. HSBC cut Ballard Power Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. CIBC decreased their price target on shares of Ballard Power Systems from $1.40 to $1.20 and set an “underperformer” rating for the company in a research note on Wednesday, December 4th. Cormark reissued a “market perform” rating on shares of Ballard Power Systems in a research report on Monday, September 16th. StockNews.com raised shares of Ballard Power Systems to a “sell” rating in a research report on Friday, November 1st. Finally, Susquehanna dropped their target price on Ballard Power Systems from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Wednesday, October 16th.

Check Out Our Latest Stock Report on BLDP

Institutional Trading of Ballard Power Systems

Large investors have recently bought and sold shares of the business. First Commonwealth Financial Corp PA acquired a new position in Ballard Power Systems in the third quarter valued at $27,000. Toronto Dominion Bank grew its holdings in shares of Ballard Power Systems by 300.0% during the third quarter. Toronto Dominion Bank now owns 27,933 shares of the technology company’s stock worth $50,000 after buying an additional 20,949 shares during the last quarter. Scientech Research LLC acquired a new position in Ballard Power Systems in the 2nd quarter valued at about $52,000. Daiwa Securities Group Inc. raised its stake in Ballard Power Systems by 149.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 24,047 shares of the technology company’s stock valued at $54,000 after acquiring an additional 14,415 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in Ballard Power Systems during the 2nd quarter worth approximately $79,000. Institutional investors and hedge funds own 28.02% of the company’s stock.

Ballard Power Systems Trading Down 0.6 %

NASDAQ BLDP opened at $1.66 on Wednesday. The firm’s 50-day moving average is $1.52 and its two-hundred day moving average is $1.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 9.01 and a quick ratio of 8.19. Ballard Power Systems has a 12 month low of $1.23 and a 12 month high of $3.79. The stock has a market capitalization of $497.04 million, a P/E ratio of -1.51 and a beta of 1.72.

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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