Research Analysts Set Expectations for Boralex Inc.’s FY2016 Earnings (BLX)
Boralex Inc. (TSE:BLX) – Investment analysts at Raymond James Financial decreased their FY2016 EPS estimates for Boralex in a research note issued to investors on Thursday. Raymond James Financial analyst D. Quezada now anticipates that the brokerage will earn $0.21 per share for the year, down from their prior estimate of $0.36. Raymond James Financial currently has a “Outperform” rating and a $23.25 price objective on the stock. Raymond James Financial also issued estimates for Boralex’s Q4 2016 earnings at $0.26 EPS, Q3 2017 earnings at ($0.12) EPS and Q4 2017 earnings at $0.29 EPS.
Other equities analysts have also recently issued reports about the company. Desjardins raised their target price on Boralex from C$22.50 to C$23.00 and gave the stock a “buy” rating in a report on Thursday, November 10th. TD Securities reaffirmed a “hold” rating and issued a C$21.00 target price on shares of Boralex in a report on Thursday, November 10th. National Bank Financial raised their target price on Boralex from C$22.50 to C$23.50 and gave the stock an “outperform” rating in a report on Thursday, November 10th. AltaCorp Capital reiterated an “outperform” rating on shares of Boralex in a research note on Monday, October 31st. Finally, CIBC reiterated an “outperform” rating and issued a C$22.50 price target on shares of Boralex in a research note on Wednesday, September 7th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$22.16.
Shares of Boralex (TSE:BLX) opened at 16.32 on Monday. Boralex has a 52 week low of $12.71 and a 52 week high of $20.46. The firm’s 50-day moving average price is $18.38 and its 200 day moving average price is $18.62. The company has a market cap of $1.07 billion and a price-to-earnings ratio of 291.43.
Boralex Company Profile
Boralex Inc is a power producer that develops, constructs and operates renewable energy power stations. The Company’s segments include wind, hydroelectric, thermal and solar. It operates an asset base with a capacity of approximately 1,260 megawatts (MW), of which over 1,090 MW are under its control, consisting of approximately 490 MW in Canada, over 520 MW in France and over 80 MW in the Northeastern United States.
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