Raymond James raised the target on Ballard Power Systems(BLDP:TSX) to $32 from $31

STA Research
by: STA Research

Raymond James Financial raised the target on Ballard Power Systems to $32 from $31, and maintained the Outperform rating on the stock.

Based on the Ballard Power Systems Inc stock forecasts from 6 analysts, the average analyst target price for Ballard Power Systems Inc is CAD 25.50 over the next 12 months. Ballard Power Systems Inc’s average analyst rating is . 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 20.39. Ballard Power Systems Inc’s stock price has changed by -1.92 % over the past week, +1.04 % over the past month and -27.75 % over the last year.

What to 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 to not 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.

 

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