Raymond James’ analysts recently increased Ballard Power Systems’ (NASDAQ: BLDP) rating from an “Outperform” to a “Strong-buy”, as per their report on the company issued this Monday, January 11.
BLDP stocks traded at $28.84 this Monday. The company’ current market capitalization stands at $8.07 billion. It has a negative PE ratio of 144.20 along with a beta of 1.74 at the moment. The 12-monthly high to low ranges from $29.50 to $6.95. The 50SMA (Simple Moving Average) stands at $21.02 and its 200SMA stands at $17.30.
Ballard Power Systems (NASDAQ: BLDP) Stock Analysis
The quarterly earnings report for the previous fiscal quarter was released by the company on the 5th of November. The earnings stood at $0.05 EPS for that quarter. This matched the general consensus on the estimated earnings of the company proposed by Thomson Reuters’ analysts.
The company’s return on equity currently stands at -14.00% along with the net margin of -40.04%. The estimated income for the firm was marked at $28.06 million but it made $25.62 million for the quarter. According to analyst’s reports, the company is likely to announce its FY2021 (Full Year 2021) EPS to be -0.19.
NASDAQ: BLDP has recently been the subject of a lot of reports by equities analysts. Some such as Zacks Investment Research, ValuEngine, BidAskClub, TD securities, and so on have posted reports on this firm over the last few months.
Zacks issued a “Sell” rating on the company. They lowered it from an earlier “hold” rating. Similarly, ValuEngine lowered its rating from “buy” to “hold”. On the other hand, BidAskClub raised the bar from a “hold” to a new “buy” rating. TD Securities boosted the target price set for this company.
The recent consensus rating of Ballard Power Systems (NASDAQ: BLDP) stands at “Buy” and the consensus on the target price is $22.63. Several hedge funds have also been involved in buying and selling of this company’s shares recently.
