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Goldman Sachs Reaffirms Their Hold Rating on Hyzon Motors (HYZN)

In a report released today, Jerry Revich from Goldman Sachs maintained a Hold rating on Hyzon Motors (HYZNResearch Report), with a price target of $7.00. The company’s shares closed last Wednesday at $5.83.

According to TipRanks.com, Revich is a 5-star analyst with an average return of 14.2% and a 58.9% success rate. Revich covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Allison Transmission Holdings, and Gates Industrial.

Hyzon Motors has an analyst consensus of Moderate Buy, with a price target consensus of $11.25, which is a 123.7% upside from current levels. In a report released today, Colliers Securities also maintained a Hold rating on the stock.

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Hyzon Motors’ market cap is currently $1.44B and has a P/E ratio of -6.08.

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