National Bank Financial Cuts Earnings Estimates for Boralex

Boralex Inc. (TSE:BLX) – Equities research analysts at National Bank Financial decreased their FY2024 EPS estimates for shares of Boralex in a research note issued on Tuesday, January 14th. National Bank Financial analyst R. Merer now expects that the company will earn $0.82 per share for the year, down from their previous estimate of $1.02. The consensus estimate for Boralex’s current full-year earnings is $1.34 per share.

BLX has been the topic of several other reports. BMO Capital Markets reduced their target price on Boralex from C$46.00 to C$45.00 in a report on Friday, November 15th. CIBC reduced their price objective on Boralex from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$43.13.

Boralex Price Performance

Shares of Boralex stock opened at C$27.15 on Thursday. The stock has a market capitalization of C$2.79 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 2.01 and a beta of 0.46. The firm’s 50-day moving average price is C$29.38 and its two-hundred day moving average price is C$32.42. The company has a current ratio of 0.95, a quick ratio of 1.54 and a debt-to-equity ratio of 175.24. Boralex has a 1-year low of C$25.83 and a 1-year high of C$36.68.

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.