Boralex Inc. (TSE:BLX) Given Consensus Rating of “Buy” by Analysts

Boralex Inc. (TSE:BLX) has been assigned an average rating of “Buy” from the five research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$37.67.

BLX has been the subject of several recent research reports. Scotiabank cut their price target on Boralex from C$35.00 to C$31.00 in a research note on Tuesday, December 16th. CIBC dropped their price objective on Boralex from C$38.00 to C$37.00 in a report on Wednesday, December 17th. Desjardins cut their target price on Boralex from C$45.00 to C$43.00 and set a “top pick” rating for the company in a research report on Tuesday, October 28th. Finally, Royal Bank Of Canada decreased their price target on Boralex from C$38.00 to C$36.00 in a research report on Monday, November 10th.

Boralex Trading Down 0.6%

BLX stock opened at C$26.81 on Wednesday. Boralex has a 52 week low of C$23.48 and a 52 week high of C$33.30. The company has a market capitalization of C$2.75 billion, a PE ratio of -121.86, a price-to-earnings-growth ratio of 2.01 and a beta of 0.44. The company’s 50-day simple moving average is C$25.46 and its 200 day simple moving average is C$27.83. The company has a debt-to-equity ratio of 233.60, a quick ratio of 1.54 and a current ratio of 0.86.

Boralex (TSE:BLX) last issued its quarterly earnings data on Friday, November 7th. The company reported C($0.26) earnings per share for the quarter. Boralex had a return on equity of 4.29% and a net margin of 7.55%.The business had revenue of C$157.00 million during the quarter. As a group, sell-side analysts anticipate that Boralex will post 1.3383764 earnings per share for the current year.

Boralex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, November 28th. Boralex’s dividend payout ratio (DPR) is currently -300.00%.

Boralex Company Profile

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. The company generates the vast majority of its revenue from the sale of energy through long-term contracts to customers in Canada, France, and the United States.