Ballard Power Systems (NASDAQ:BLDP) Given New $1.30 Price Target at Susquehanna

Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) had its price target trimmed by Susquehanna from $1.40 to $1.30 in a research note released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

Other research analysts also recently issued research reports about the company. Roth Mkm lowered their price objective on Ballard Power Systems from $1.75 to $1.25 and set a “neutral” rating for the company in a research note on Friday, March 14th. HSBC dropped their price target on shares of Ballard Power Systems from $1.90 to $1.40 and set a “hold” rating for the company in a research note on Friday, March 14th. BMO Capital Markets decreased their price objective on Ballard Power Systems from $1.30 to $1.20 and set an “underperform” rating for the company in a report on Friday, March 14th. Citigroup cut their target price on Ballard Power Systems from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. Finally, National Bankshares decreased their price target on Ballard Power Systems from $2.60 to $2.00 and set a “sector perform” rating for the company in a research note on Friday, March 14th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ballard Power Systems presently has a consensus rating of “Hold” and an average target price of $2.11.

Ballard Power Systems Stock Performance

Shares of BLDP stock opened at $1.20 on Monday. Ballard Power Systems has a twelve month low of $1.00 and a twelve month high of $3.34. The stock’s fifty day simple moving average is $1.27 and its 200 day simple moving average is $1.46. The company has a quick ratio of 8.19, a current ratio of 9.01 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $359.33 million, a P/E ratio of -1.09 and a beta of 1.84.

Institutional Trading of Ballard Power Systems

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Ballard Power Systems during the 4th quarter worth approximately $27,000. Toronto Dominion Bank raised its position in shares of Ballard Power Systems by 300.0% during the third quarter. Toronto Dominion Bank now owns 27,933 shares of the technology company’s stock worth $50,000 after purchasing an additional 20,949 shares during the period. Headlands Technologies LLC bought a new position in shares of Ballard Power Systems in the 4th quarter worth $52,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Ballard Power Systems by 35.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 40,798 shares of the technology company’s stock valued at $68,000 after purchasing an additional 10,767 shares during the period. Finally, Itau Unibanco Holding S.A. increased its stake in Ballard Power Systems by 44.1% during the 4th quarter. Itau Unibanco Holding S.A. now owns 49,511 shares of the technology company’s stock valued at $82,000 after purchasing an additional 15,160 shares in the last quarter. 28.02% of the stock is currently owned by institutional investors and hedge funds.

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.