Boralex (TSE:BLX) PT Lowered to C$38.00 at Raymond James

Boralex (TSE:BLX) had its price objective lowered by stock analysts at Raymond James from C$40.00 to C$38.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 39.14% from the stock’s current price. Raymond James also issued estimates for Boralex’s Q2 2024 earnings at $0.06 EPS, Q4 2024 earnings at $0.51 EPS, Q1 2025 earnings at $0.48 EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at ($0.11) EPS and Q4 2025 earnings at $0.54 EPS.

A number of other analysts have also recently weighed in on BLX. Desjardins raised their price target on shares of Boralex from C$43.00 to C$44.00 and gave the company a “top pick” rating in a report on Monday, January 29th. CIBC lowered their target price on shares of Boralex from C$40.00 to C$38.00 and set an “outperform” rating for the company in a research note on Friday, April 19th. Finally, BMO Capital Markets lifted their target price on shares of Boralex to C$37.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Boralex currently has a consensus rating of “Buy” and a consensus target price of C$40.25.

Boralex Trading Up 0.6 %

BLX stock opened at C$27.31 on Thursday. The company has a debt-to-equity ratio of 179.25, a current ratio of 1.08 and a quick ratio of 1.54. The company has a market capitalization of C$2.81 billion, a PE ratio of 35.93, a P/E/G ratio of 0.94 and a beta of 0.41. The firm’s 50-day moving average is C$28.40 and its 200 day moving average is C$29.95. Boralex has a 12 month low of C$25.40 and a 12 month high of C$40.03.

Boralex (TSE:BLX) last released its quarterly earnings results on Friday, March 1st. The company reported C$0.36 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.15). Boralex had a net margin of 7.63% and a return on equity of 5.68%. The firm had revenue of C$315.00 million during the quarter, compared to the consensus estimate of C$262.30 million. On average, research analysts anticipate that Boralex will post 1.0599765 EPS for the current year.

About Boralex

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.