Cormark Has Negative Estimate for Boralex FY2025 Earnings

Boralex Inc. (TSE:BLX) – Stock analysts at Cormark reduced their FY2025 earnings estimates for Boralex in a research note issued on Monday, March 3rd. Cormark analyst N. Boychuk now forecasts that the company will earn $0.70 per share for the year, down from their previous estimate of $1.01. The consensus estimate for Boralex’s current full-year earnings is $1.34 per share.

A number of other brokerages have also recently issued reports on BLX. BMO Capital Markets lowered their target price on Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th. National Bankshares lowered their price objective on Boralex from C$46.00 to C$43.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Raymond James cut their target price on shares of Boralex from C$41.00 to C$39.00 in a research report on Monday. CIBC reduced their target price on shares of Boralex from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, Scotiabank dropped their price target on shares of Boralex from C$42.00 to C$36.00 and set a “sector perform” rating for the company in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$40.25.

Boralex Trading Up 0.4 %

Shares of BLX stock opened at C$29.05 on Thursday. 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 has a fifty-two week low of C$24.40 and a fifty-two week high of C$36.68. The company has a market cap of C$3.02 billion, a PE ratio of 42.59, a P/E/G ratio of 2.01 and a beta of 0.46. The stock’s fifty day moving average price is C$26.99 and its two-hundred day moving average price is C$30.76.

Boralex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Friday, February 28th. This represents a $0.66 dividend on an annualized basis and a yield of 2.27%. Boralex’s dividend payout ratio is presently 96.76%.

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.