Shares of Ballard Power Systems Inc. (NASDAQ:BLDP – Get Free Report) (TSE:BLD) have received an average recommendation of “Reduce” from the fifteen analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $2.92.
Several equities analysts have weighed in on BLDP shares. CIBC restated an “underperformer” rating and set a $1.60 target price (down from $3.50) on shares of Ballard Power Systems in a report on Tuesday, August 13th. Wells Fargo & Company cut their price target on Ballard Power Systems from $3.00 to $2.00 and set an “underweight” rating for the company in a report on Tuesday, August 13th. TD Securities lowered Ballard Power Systems from a “hold” rating to a “sell” rating and decreased their price objective for the company from $2.50 to $1.50 in a research note on Monday, August 12th. Lake Street Capital cut their target price on shares of Ballard Power Systems from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Finally, Susquehanna decreased their price target on shares of Ballard Power Systems from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th.
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Ballard Power Systems Stock Performance
Shares of BLDP opened at $1.69 on Friday. The company has a market capitalization of $506.00 million, a PE ratio of -2.68 and a beta of 1.78. Ballard Power Systems has a 52-week low of $1.60 and a 52-week high of $4.02. The company has a 50-day simple moving average of $1.79 and a 200-day simple moving average of $2.38. The company has a quick ratio of 10.05, a current ratio of 10.90 and a debt-to-equity ratio of 0.03.
Ballard Power Systems (NASDAQ:BLDP – Get Free Report) (TSE:BLD) last released its quarterly earnings results on Monday, August 12th. The technology company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.02. The business had revenue of $16.00 million for the quarter, compared to analysts’ expectations of $19.36 million. Ballard Power Systems had a negative return on equity of 16.20% and a negative net margin of 177.95%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.10) EPS. Equities research analysts predict that Ballard Power Systems will post -0.48 earnings per share for the current fiscal year.
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.
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