Q2 2022 Earnings Estimate for Boralex Inc. Issued By Raymond James (TSE:BLX)

Boralex Inc. (TSE:BLX – Get Rating) – Equities researchers at Raymond James raised their Q2 2022 EPS estimates for Boralex in a report released on Wednesday, May 11th. Raymond James analyst D. Quezada now anticipates that the company will post earnings of $0.00 per share for the quarter, up from their prior estimate of ($0.02). Raymond James currently has a “Outperform” rating and a $51.00 target price on the stock. Raymond James also issued estimates for Boralex’s Q3 2022 earnings at ($0.12) EPS.

Boralex (TSE:BLX – Get Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The company reported C$0.17 EPS for the quarter, missing the consensus estimate of C$0.25 by C($0.08). The company had revenue of C$192.00 million for the quarter, compared to the consensus estimate of C$197.95 million.

Other equities analysts have also recently issued research reports about the stock. Tudor Pickering & Holt lowered their price objective on shares of Boralex from C$41.00 to C$37.00 and set a “hold” rating on the stock in a research note on Thursday, February 3rd. Tudor Pickering decreased their target price on shares of Boralex to C$37.00 and set a “hold” rating on the stock in a research note on Thursday, February 3rd. TD Securities raised their target price on shares of Boralex from C$46.00 to C$50.00 and gave the stock an “action list buy” rating in a research note on Wednesday, March 2nd. Royal Bank of Canada raised their target price on shares of Boralex from C$38.00 to C$41.00 and gave the stock a “sector perform” rating in a research note on Friday, February 25th. Finally, Credit Suisse Group increased their price objective on shares of Boralex from C$45.00 to C$46.00 and gave the company an “outperform” rating in a report on Wednesday, April 20th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$45.31.

Shares of BLX stock opened at C$38.50 on Monday. The company’s 50-day moving average is C$39.09 and its 200 day moving average is C$36.22. Boralex has a one year low of C$30.04 and a one year high of C$42.49. The company has a debt-to-equity ratio of 325.35, a quick ratio of 1.02 and a current ratio of 1.17. The company has a market capitalization of C$3.95 billion and a price-to-earnings ratio of 240.63.

About Boralex (Get Rating)

Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2021, the company had interests in 90 wind power stations with an installed capacity of 2,032 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; 12 solar power stations with an installed capacity of 244 MW; and one thermal power station with an installed capacity of 35 MW.

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