Boralex Inc. (TSE:BLX - Free Report) - Investment analysts at Cormark lowered their FY2025 EPS estimates for shares of Boralex in a research note issued on Monday, March 3rd. Cormark analyst N. Boychuk now anticipates that the company will post earnings per share of $0.70 for the year, down from their previous forecast of $1.01. The consensus estimate for Boralex's current full-year earnings is $1.34 per share.
Several other equities research analysts have also issued reports on BLX. National Bankshares dropped their price target on Boralex from C$46.00 to C$43.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. CIBC dropped their target price on shares of Boralex from C$42.00 to C$40.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. BMO Capital Markets decreased their price target on shares of Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th. Raymond James dropped their price objective on shares of Boralex from C$41.00 to C$39.00 in a research note on Monday, March 3rd. Finally, Scotiabank decreased their target price on Boralex from C$42.00 to C$36.00 and set a "sector perform" rating for the company in a research note on Thursday, January 30th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$40.25.
View Our Latest Research Report on Boralex
Boralex Stock Down 1.3 %
TSE BLX traded down C$0.37 on Thursday, hitting C$29.23. 408,470 shares of the stock traded hands, compared to its average volume of 365,286. The company has a current ratio of 0.86, a quick ratio of 1.54 and a debt-to-equity ratio of 233.60. The stock has a 50-day moving average of C$27.01 and a 200 day moving average of C$30.64. Boralex has a twelve month low of C$24.40 and a twelve month high of C$36.68. The company has a market capitalization of C$3.04 billion, a P/E ratio of 42.85, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46.
Boralex Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Friday, February 28th. Boralex's payout ratio is currently 96.76%.
Insider Buying and Selling
In other Boralex news, Director Ricky Fontaine bought 1,000 shares of the stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of C$29.10 per share, with a total value of C$29,100.00. 0.16% of the stock is currently owned by corporate insiders.
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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