Analysts rate Ballard Power Systems Inc. (BLDP:TSX) with a Buy, $18.50 Target

STA Research
by: STA Research

Analysts rate Ballard Power Systems Inc. with a consensus Buy rating and a 12-month average target price of $18.63 per share.

Truist Securities initiated Ballard Power Systems Inc. with a Hold rating and sets the target price at $13 on the company’s stock.

Based on the Ballard Power Systems Inc stock forecasts from 12 analysts, the average analyst target price for Ballard Power Systems Inc is CAD 18.63 over the next 12 months. Ballard Power Systems Inc’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Ballard Power Systems Inc is Slightly Bearish, which is based on 2 positive signals and 4 negative signals. At the last closing, Ballard Power Systems Inc’s stock price was CAD 10.95Ballard Power Systems Inc’s stock price has changed by -5.36% over the past week, -24.22% over the past month and -59.20% over the last year.

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 cashflow

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

Low Revenue Growth

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

 

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