Roth Capital set a $3.00 price target on Ballard Power Systems Inc. (NASDAQ:BLDP) in a report released on Monday morning. The brokerage currently has a a buy rating on the stock.
Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Ballard Power Systems from a buy rating to a hold rating in a report on Wednesday, July 27th. TheStreet raised shares of Ballard Power Systems from a sell rating to a hold rating in a report on Friday, August 26th. Finally, FBR & Co reissued an outperform rating and issued a $3.00 price objective on shares of Ballard Power Systems in a report on Friday, August 19th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $2.54.
Shares of Ballard Power Systems (NASDAQ:BLDP) opened at 2.20 on Monday. The stock’s 50 day moving average is $2.14 and its 200 day moving average is $1.68. Ballard Power Systems has a 12-month low of $1.11 and a 12-month high of $2.53. The firm’s market cap is $345.28 million.
Ballard Power Systems (NASDAQ:BLDP) last announced its earnings results on Wednesday, July 27th. The company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The business earned $17.60 million during the quarter, compared to the consensus estimate of $18.32 million. Ballard Power Systems had a negative net margin of 30.51% and a negative return on equity of 19.49%. Equities analysts expect that Ballard Power Systems will post ($0.15) earnings per share for the current year.
An institutional investor recently raised its position in Ballard Power Systems stock. Royal Bank of Canada boosted its position in shares of Ballard Power Systems Inc. (NASDAQ:BLDP) by 139.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,923 shares of the company’s stock after buying an additional 57,634 shares during the period. Royal Bank of Canada owned approximately 0.06% of Ballard Power Systems worth $124,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 4.01% of the company’s stock.
Ballard Power Systems Company Profile