UBS Group Lowers Ballard Power Systems (NASDAQ:BLDP) Price Target to $1.40

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) had its price target decreased by analysts at UBS Group from $2.00 to $1.40 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. UBS Group’s price target suggests a potential upside of 0.72% from the company’s current price.

A number of other analysts have also commented on BLDP. Raymond James lowered their target price on shares of Ballard Power Systems from $2.50 to $2.00 and set a “market perform” rating for the company in a report on Friday, March 14th. StockNews.com raised shares of Ballard Power Systems to a “sell” rating in a report on Thursday, May 8th. TD Cowen raised shares of Ballard Power Systems to a “strong sell” rating in a report on Monday, January 13th. Susquehanna lowered their target price on shares of Ballard Power Systems from $1.40 to $1.30 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, HSBC lowered their target price on shares of Ballard Power Systems from $1.90 to $1.40 and set a “hold” rating for the company in a report on Friday, March 14th. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Ballard Power Systems has an average rating of “Hold” and a consensus target price of $2.09.

Ballard Power Systems Price Performance

Shares of BLDP stock opened at $1.39 on Monday. Ballard Power Systems has a 1 year low of $1.00 and a 1 year high of $3.34. The firm’s 50 day moving average is $1.21 and its 200-day moving average is $1.40. The firm has a market capitalization of $416.77 million, a price-to-earnings ratio of -1.26 and a beta of 1.68. The company has a current ratio of 9.01, a quick ratio of 8.19 and a debt-to-equity ratio of 0.03.

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. Ballard Power Systems had a negative net margin of 357.78% and a negative return on equity of 19.96%. The company had revenue of $14.76 million for the quarter, compared to analyst estimates of $16.82 million. Sell-side analysts forecast that Ballard Power Systems will post -0.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Ballard Power Systems

Several institutional investors have recently added to or reduced their stakes in the stock. Nuveen LLC bought a new stake in Ballard Power Systems in the 1st quarter valued at $296,000. Virtu Financial LLC bought a new stake in Ballard Power Systems in the 1st quarter valued at $69,000. Invesco Ltd. lifted its position in Ballard Power Systems by 3.6% in the 1st quarter. Invesco Ltd. now owns 3,729,188 shares of the technology company’s stock valued at $4,102,000 after acquiring an additional 130,772 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new stake in Ballard Power Systems in the 1st quarter valued at $78,000. Finally, Banque Cantonale Vaudoise bought a new stake in Ballard Power Systems in the 1st quarter valued at $171,000. 28.02% of the stock is owned by institutional investors.

Ballard Power Systems Company Profile

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.