Boralex Inc. (TSE:BLX - Free Report) - Research analysts at National Bank Financial lowered their Q4 2024 EPS estimates for Boralex in a research report issued to clients and investors on Tuesday, January 14th. National Bank Financial analyst R. Merer now forecasts that the company will post earnings per share of $0.31 for the quarter, down from their previous estimate of $0.51. The consensus estimate for Boralex's current full-year earnings is $1.34 per share. National Bank Financial also issued estimates for Boralex's FY2025 earnings at $0.72 EPS and FY2026 earnings at $0.40 EPS.
BLX has been the subject of several other reports. CIBC lowered their price target on Boralex from C$42.00 to C$40.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. BMO Capital Markets lowered their target price on Boralex from C$46.00 to C$45.00 in a research note on Friday, November 15th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Boralex has a consensus rating of "Buy" and a consensus price target of C$43.13.
Check Out Our Latest Analysis on Boralex
Boralex Trading Up 0.4 %
Shares of BLX traded up C$0.12 during trading hours on Friday, reaching C$27.15. The stock had a trading volume of 495,520 shares, compared to its average volume of 326,474. The company has a market cap of C$2.79 billion, a P/E ratio of 29.19, a P/E/G ratio of 2.01 and a beta of 0.46. Boralex has a 52 week low of C$25.83 and a 52 week high of C$36.68. The company has a quick ratio of 1.54, a current ratio of 0.95 and a debt-to-equity ratio of 175.24. The firm has a 50-day moving average of C$29.38 and a 200 day moving average of C$32.42.
About Boralex
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Boralex Inc is an electric utility company involved in the development, construction, and operation of renewable energy power facilities. The company controls a portfolio of electricity producing plants that utilize wind, hydroelectric, thermal, and solar fuel sources. Most of Boralex's plants rely on wind power, while a significant number also employ hydroelectric power.
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