Ballard Power Systems (NASDAQ:BLDP) Price Target Lowered to $3.00 at National Bankshares

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) had its target price decreased by National Bankshares from $4.00 to $3.00 in a research note published on Tuesday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the technology company’s stock.

Other analysts also recently issued research reports about the company. HSBC cut their price target on Ballard Power Systems from $4.10 to $3.80 and set a buy rating on the stock in a report on Wednesday, May 8th. Truist Financial cut their target price on Ballard Power Systems from $3.00 to $2.00 and set a hold rating on the stock in a research note on Tuesday. Wells Fargo & Company lowered their price target on shares of Ballard Power Systems from $3.00 to $2.00 and set an underweight rating for the company in a research report on Tuesday. BMO Capital Markets cut their price objective on shares of Ballard Power Systems from $2.25 to $1.70 and set an underperform rating on the stock in a research report on Tuesday. Finally, Jefferies Financial Group decreased their target price on shares of Ballard Power Systems from $3.25 to $2.00 and set a hold rating for the company in a research report on Tuesday. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $3.11.

Ballard Power Systems Stock Up 1.6 %

BLDP stock opened at $1.88 on Tuesday. The firm has a fifty day moving average price of $2.31 and a two-hundred day moving average price of $2.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 10.90 and a quick ratio of 10.88. Ballard Power Systems has a 1-year low of $1.77 and a 1-year high of $4.35. The firm has a market cap of $562.89 million, a price-to-earnings ratio of -3.03 and a beta of 1.77.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its quarterly earnings data on Monday, August 12th. The technology company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.02. Ballard Power Systems had a negative net margin of 177.95% and a negative return on equity of 16.20%. The firm had revenue of $16.00 million for the quarter, compared to analyst estimates of $19.36 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. Ballard Power Systems’s quarterly revenue was up 4.6% on a year-over-year basis. Research analysts predict that Ballard Power Systems will post -0.48 EPS for the current year.

Institutional Trading of Ballard Power Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its holdings in Ballard Power Systems by 116.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 35,861 shares of the technology company’s stock worth $133,000 after acquiring an additional 19,284 shares during the period. Vontobel Holding Ltd. grew its stake in shares of Ballard Power Systems by 18.2% in the 4th quarter. Vontobel Holding Ltd. now owns 2,086,570 shares of the technology company’s stock worth $7,732,000 after purchasing an additional 321,624 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ballard Power Systems by 11.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 865,353 shares of the technology company’s stock worth $3,222,000 after purchasing an additional 89,643 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Ballard Power Systems during the fourth quarter valued at approximately $31,000. Finally, Jump Financial LLC bought a new stake in Ballard Power Systems during the fourth quarter worth approximately $1,086,000. Institutional investors own 28.02% of the company’s stock.

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.