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Analysts Offer Insights on Industrial Goods Companies: Cathay Pacific Airways (OtherCPCAF) and Ballard Power Systems (BLDP)

Tipranks - Fri Mar 13, 7:30PM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Cathay Pacific Airways (CPCAFResearch Report) and Ballard Power Systems (BLDPResearch Report).

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Cathay Pacific Airways (CPCAF)

Citi analyst Kaseedit Choonnawat maintained a Sell rating on Cathay Pacific Airways on March 11 and set a price target of HK$11.20. The company’s shares closed last Monday at $1.63.

Choonnawat has an average return of 17.9% when recommending Cathay Pacific Airways. ;'>

According to TipRanks.com, Choonnawat is ranked #9135 out of 12127 analysts.

Cathay Pacific Airways has an analyst consensus of Hold, with a price target consensus of $1.64.

See the top stocks recommended by analysts >>

Ballard Power Systems (BLDP)

TD Cowen analyst Jeff Osborne maintained a Hold rating on Ballard Power Systems yesterday and set a price target of $2.50. The company’s shares closed last Thursday at $2.42.

According to TipRanks.com, Osborne is a 3-star analyst with an average return of 1.2% and a 44.1% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Eos Energy Enterprises, Landis+Gyr Group AG, and Generac Holdings. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Ballard Power Systems with a $2.83 average price target, representing a 29.5% upside. In a report issued on March 11, National Bank also maintained a Hold rating on the stock with a $3.15 price target.

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