What is Raymond James’ Forecast for TSE:INE FY2025 Earnings?

Innergex Renewable Energy Inc. (TSE:INE) – Analysts at Raymond James increased their FY2025 EPS estimates for shares of Innergex Renewable Energy in a report issued on Monday, May 12th. Raymond James analyst T. Genzebu now anticipates that the company will post earnings of $0.08 per share for the year, up from their previous estimate of ($0.01). Raymond James has a “Market Perform” rating and a $13.75 price objective on the stock. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is $0.15 per share.

Several other research analysts have also weighed in on the stock. TD Securities boosted their price objective on shares of Innergex Renewable Energy from C$8.00 to C$9.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. National Bank Financial downgraded shares of Innergex Renewable Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th. National Bankshares downgraded shares of Innergex Renewable Energy from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$16.00 to C$13.75 in a report on Wednesday, February 26th. Desjardins downgraded shares of Innergex Renewable Energy from a “buy” rating to a “tender” rating and cut their price target for the stock from C$14.50 to C$13.75 in a report on Wednesday, February 26th. Finally, Cormark cut their price target on shares of Innergex Renewable Energy from C$10.00 to C$9.50 in a report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Innergex Renewable Energy has a consensus rating of “Hold” and an average target price of C$11.59.

Innergex Renewable Energy Stock Down 0.2%

Shares of INE stock opened at C$13.59 on Thursday. The firm has a market capitalization of C$2.79 billion, a P/E ratio of -21.80, a PEG ratio of 20.61 and a beta of 0.36. The firm’s fifty day moving average price is C$13.53 and its two-hundred day moving average price is C$10.40. Innergex Renewable Energy has a 1 year low of C$6.98 and a 1 year high of C$13.65. The company has a current ratio of 0.56, a quick ratio of 0.58 and a debt-to-equity ratio of 620.44.

Innergex Renewable Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Monday, March 31st. Innergex Renewable Energy’s dividend payout ratio (DPR) is currently -57.74%.

Innergex Renewable Energy Company Profile

For over 30 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity, which led to Innergex being recognized as Canada’s best corporate citizens in 2023 by Corporate Knights. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world.