Hydrogenics Corporat Coverage Initiated by Analysts at Canaccord Genuity (HYGS)
Stock analysts at Canaccord Genuity started coverage on shares of Hydrogenics Corporat (NASDAQ:HYGS) in a report issued on Tuesday, AnalystRatingsNetwork.com reports. The firm set a “buy” rating and a $30.00 price target on the stock. Canaccord Genuity’s price target points to a potential upside of 69.40% from the company’s current price.
A number of other firms have also recently commented on HYGS. Analysts at Zacks downgraded shares of Hydrogenics Corporat from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, December 13th. They now have a $19.20 price target on the stock. Separately, analysts at Craig Hallum initiated coverage on shares of Hydrogenics Corporat in a research note to investors on Wednesday, December 11th. They set a “buy” rating on the stock. Finally, analysts at Ascendiant Capital Markets upgraded shares of Hydrogenics Corporat from a “neutral” rating to a “strong-buy” rating in a research note to investors on Tuesday, November 19th. They now have a $18.00 price target on the stock, up previously from $12.00. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $19.80.
Hydrogenics Corporat (NASDAQ:HYGS) opened at 18.89 on Tuesday. Hydrogenics Corporat has a 1-year low of $7.42 and a 1-year high of $22.07. The stock has a 50-day moving average of $17.84 and a 200-day moving average of $13.69. The company’s market cap is $169.6 million.
Hydrogenics Corporat (NASDAQ:HYGS) last released its earnings data on Thursday, November 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.21. The company had revenue of $9.20 million for the quarter, compared to the consensus estimate of $10.91 million. Analysts expect that Hydrogenics Corporat will post $-0.82 EPS for the current fiscal year.
Hydrogenics Corporation (NASDAQ:HYGS) together with its subsidiaries, designs, develops and manufactures hydrogen generation products based on water electrolysis technology and fuel cell products based on proton exchange membrane (PEM) technology.
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