Boralex Inc. (TSE:BLX - Free Report) - Equities research analysts at National Bank Financial reduced their Q4 2024 earnings per share (EPS) estimates for shares of Boralex in a report issued on Thursday, November 14th. National Bank Financial analyst R. Merer now anticipates that the company will post earnings of $0.51 per share for the quarter, down from their previous estimate of $0.55. The consensus estimate for Boralex's current full-year earnings is $1.34 per share.
Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets lowered their price objective on shares of Boralex from C$46.00 to C$45.00 in a research report on Friday. Cibc World Mkts raised Boralex to a "strong-buy" rating in a report on Monday, July 22nd. Cormark lifted their target price on Boralex from C$45.00 to C$47.00 in a research note on Thursday, August 15th. Royal Bank of Canada upped their price target on Boralex from C$36.00 to C$38.00 in a research note on Thursday, August 15th. Finally, CIBC lowered their price objective on Boralex from C$43.00 to C$42.00 in a research report on Friday. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of C$43.38.
Read Our Latest Research Report on Boralex
Boralex Stock Performance
BLX traded down C$1.10 on Monday, hitting C$30.70. 191,744 shares of the stock traded hands, compared to its average volume of 258,310. Boralex has a 52 week low of C$26.25 and a 52 week high of C$36.68. The company has a current ratio of 0.95, a quick ratio of 1.54 and a debt-to-equity ratio of 175.24. The firm has a market capitalization of C$3.16 billion, a PE ratio of 34.19, a P/E/G ratio of 2.01 and a beta of 0.46. The business has a fifty day moving average price of C$34.16 and a two-hundred day moving average price of C$33.19.
About Boralex
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Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe.
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