Ballard Power Systems (NASDAQ:BLDP – Get Rating) (TSE:BLD) had its price target cut by stock analysts at Truist Financial from $7.00 to $6.00 in a research note issued on Wednesday, The Fly reports. Truist Financial’s target price indicates a potential upside of 17.19% from the stock’s current price.
Several other research analysts also recently weighed in on BLDP. Wells Fargo & Company downgraded shares of Ballard Power Systems from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $6.00 to $5.00 in a report on Friday, January 6th. Cowen dropped their price objective on shares of Ballard Power Systems to $7.50 in a report on Tuesday, November 15th. UBS Group started coverage on shares of Ballard Power Systems in a report on Tuesday, December 13th. They set a “neutral” rating for the company. BMO Capital Markets started coverage on shares of Ballard Power Systems in a report on Thursday, December 8th. They set a “market perform” rating and a $5.50 price objective for the company. Finally, National Bankshares dropped their price objective on shares of Ballard Power Systems from $8.00 to $7.00 and set a “sector perform” rating for the company in a report on Tuesday, January 17th. Two investment analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat, Ballard Power Systems currently has a consensus rating of “Hold” and a consensus target price of $7.25.
Ballard Power Systems Trading Up 1.8 %
Shares of Ballard Power Systems stock opened at $5.12 on Wednesday. The company has a market capitalization of $1.53 billion, a P/E ratio of -8.26 and a beta of 1.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.65 and a current ratio of 14.44. The company has a fifty day moving average of $5.94 and a 200 day moving average of $6.01. Ballard Power Systems has a fifty-two week low of $4.43 and a fifty-two week high of $12.57.
Hedge Funds Weigh In On Ballard Power Systems
About Ballard Power Systems
Ballard Power Systems, Inc engages in the design, development, manufacture, sale, and service of fuel cell products for a variety of applications. It focuses on power product markets of heavy duty motive, portable power, material handling, and backup power, as well as the delivery of technology solutions.
- Get a free copy of the StockNews.com research report on Ballard Power Systems (BLDP)
- Don’t Miss Out: $2 Trillion Could be Headed to the Banking Sector
- A Weakening Economy Suggests Caution Before Buying Five Below
- Williams-Sonoma: Time To Buy At Rock-Bottom Prices
- Why DraftKings Could Keep Outperforming in 2023
- Charles Schwab And The Safest 30% You Can Make This Year
Receive News & Ratings for Ballard Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ballard Power Systems and related companies with MarketBeat.com's FREE daily email newsletter.