Boralex Inc. (TSE:BLX - Free Report) - Equities researchers at Cormark reduced their FY2025 earnings per share estimates for Boralex in a research note issued on Thursday, January 23rd. Cormark analyst N. Boychuk now forecasts that the company will post earnings of $1.01 per share for the year, down from their prior forecast of $1.16. The consensus estimate for Boralex's current full-year earnings is $1.34 per share.
A number of other equities research analysts have also issued reports on BLX. BMO Capital Markets cut their price target on shares of Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th. CIBC reduced their target price 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. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$43.13.
Read Our Latest Research Report on BLX
Boralex Trading Down 2.1 %
TSE BLX traded down C$0.56 on Friday, hitting C$25.63. 247,681 shares of the company were exchanged, compared to its average volume of 321,255. The company has a debt-to-equity ratio of 175.24, a current ratio of 0.95 and a quick ratio of 1.54. Boralex has a twelve month low of C$25.55 and a twelve month high of C$36.68. The firm has a market capitalization of C$2.63 billion, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 2.01 and a beta of 0.46. The company's 50 day moving average price is C$28.74 and its 200-day moving average price is C$32.17.
Boralex Company Profile
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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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