Boralex Inc. (TSE:BLX) Receives C$38.39 Consensus PT from Brokerages

Shares of Boralex Inc. (TSE:BLX) have been given an average rating of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$38.39.

Several analysts have weighed in on the company. Royal Bank Of Canada lifted their price objective on Boralex from C$33.00 to C$37.25 and gave the company a “sector perform” rating in a research report on Tuesday, May 12th. Raymond James Financial lowered Boralex from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$38.00 to C$37.25 in a research report on Friday, May 15th.

Boralex Trading Down 0.1%

TSE:BLX opened at C$37.08 on Friday. The company has a 50-day moving average price of C$36.95 and a 200-day moving average price of C$33.29. The stock has a market cap of C$3.81 billion, a price-to-earnings ratio of -119.61, a P/E/G ratio of 2.01 and a beta of 0.20. The company has a current ratio of 1.24, a quick ratio of 1.53 and a debt-to-equity ratio of 309.98. Boralex has a 12 month low of C$23.48 and a 12 month high of C$37.18.

Boralex (TSE:BLX) last announced its quarterly earnings results on Thursday, May 14th. The company reported C($0.08) earnings per share (EPS) for the quarter. Boralex had a negative net margin of 3.56% and a negative return on equity of 2.08%. The company had revenue of C$286.00 million for the quarter. Equities analysts predict that Boralex will post 1.3383764 EPS for the current year.

Boralex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, May 29th. Boralex’s dividend payout ratio is presently -212.90%.

About Boralex

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.