Boralex Inc. (TSE:BLX) Receives Consensus Rating of “Moderate Buy” from Analysts

Boralex Inc. (TSE:BLX) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$38.39.

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

Boralex Stock Down 0.2%

BLX stock opened at C$37.01 on Friday. The company has a market cap of C$3.80 billion, a price-to-earnings ratio of -119.39, a price-to-earnings-growth ratio of 2.01 and a beta of 0.20. The company has a fifty day moving average price of C$36.93 and a 200 day moving average price of C$32.91. The company has a debt-to-equity ratio of 309.98, a current ratio of 1.24 and a quick ratio of 1.53. Boralex has a 12 month low of C$23.48 and a 12 month high of C$37.18.

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

Boralex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, May 29th. Boralex’s dividend payout ratio (DPR) is -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.