Several other equities analysts have also commented on the stock. National Bank Financial raised shares of Ballard Power Systems from a sector perform rating to an outperform rating and increased their price objective for the company from $18.00 to $20.00 in a research report on Thursday, August 20th. Sanford C. Bernstein began coverage on shares of Ballard Power Systems in a research report on Monday, August 24th. They issued an outperform rating and a $22.00 price objective for the company. TD Securities upgraded shares of Ballard Power Systems from a hold rating to a speculative buy rating and increased their price target for the stock from $14.00 to $20.00 in a report on Monday, August 17th. Zacks Investment Research upgraded shares of Ballard Power Systems from a hold rating to a buy rating and set a $20.00 price target on the stock in a report on Monday, October 19th. Finally, ValuEngine upgraded shares of Ballard Power Systems from a hold rating to a buy rating in a report on Thursday, October 1st. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $21.38.
Shares of Ballard Power Systems stock opened at $15.20 on Monday. The company has a quick ratio of 3.92, a current ratio of 4.56 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average price of $16.07 and a 200 day moving average price of $14.14. Ballard Power Systems has a 52 week low of $5.10 and a 52 week high of $21.61.
Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.01). The company had revenue of $25.82 million during the quarter, compared to analysts’ expectations of $27.22 million. Ballard Power Systems had a negative net margin of 38.64% and a negative return on equity of 16.53%. On average, equities analysts predict that Ballard Power Systems will post -0.18 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of BLDP. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Ballard Power Systems during the 2nd quarter worth approximately $30,000. Legal & General Group Plc grew its stake in shares of Ballard Power Systems by 23.4% during the 1st quarter. Legal & General Group Plc now owns 6,339 shares of the technology company’s stock worth $48,000 after purchasing an additional 1,202 shares during the period. Private Advisor Group LLC acquired a new stake in Ballard Power Systems in the 2nd quarter valued at $67,000. Captrust Financial Advisors acquired a new stake in Ballard Power Systems in the 2nd quarter valued at $96,000. Finally, Deutsche Bank AG grew its stake in Ballard Power Systems by 1,896.1% in the 1st quarter. Deutsche Bank AG now owns 12,775 shares of the technology company’s stock valued at $97,000 after acquiring an additional 12,135 shares during the period. 8.34% of the stock is currently owned by institutional investors and hedge funds.
About Ballard Power Systems
Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products worldwide. The company offers heavy duty modules, fuel cell stacks, backup power systems, and portable power/ unmanned aerial vehicles, and material handling products.
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