Analysts rate Ballard Power Systems Inc. (BLDP:CA:TSX) with a Strong Buy, $22 Target

STA Research
by: STA Research

Analyst rate Ballard Power Systems Inc. with a consensus Strong Buy rating and a 12-month average Target price of $21.93 per share.

Susquehanna Bancshares rates Ballard Power with a Hold rating and $11 Target.

Based on the Ballard Power Systems Inc. stock forecasts from 9 analysts, the average analyst target price for Ballard Power Systems Inc. is CAD 21.93 over the next 12 months. Ballard Power Systems Inc.’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Ballard Power Systems Inc. is Slightly Bearish, which is based on 2 positive signals and 3 negative signals. At the last closing, Ballard Power Systems Inc.’s stock price was CAD 14.92. Ballard Power Systems Inc.’s stock price has changed by +1.05% over the past week, +2.43% over the past month and -49.65% over the last year.

Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products primarily in Canada. It markets its products in China, Germany, the United States, the United Kingdom, Belgium, Japan, Denmark, France, Taiwan, Norway, Spain, the Netherlands, Finland, Switzerland, and internationally. Ballard Power Systems Inc. has a strategic alliance with Linamar Corporation for the co-development and sale of fuel cell powertrains and components for class 1 and 2 vehicles in North America and Europe. The company was founded in 1979 and is headquartered in Burnaby, Canada.

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk-adjusted returns

This stock has performed well, on a risk-adjusted basis, compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile.

What we don’t like:

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Negative cash flow

The company had negative total cash flow in the most recent four quarters.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector.

 

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