Boralex (TSE:BLX) had its price target lifted by TD Securities from C$24.00 to C$25.00 in a research report sent to investors on Friday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
A number of other equities analysts have also recently commented on the stock. CIBC lifted their target price on shares of Boralex from C$24.00 to C$25.00 in a research report on Wednesday, October 23rd. BMO Capital Markets lifted their target price on shares of Boralex from C$23.00 to C$26.00 in a research report on Monday, September 9th. Finally, Raymond James reiterated an outperform rating and issued a C$26.00 target price on shares of Boralex in a research report on Friday, August 9th. Five investment analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus price target of C$25.00.
TSE:BLX traded up C$0.24 during trading hours on Friday, reaching C$22.62. The company’s stock had a trading volume of 291,170 shares, compared to its average volume of 230,138. The firm has a market capitalization of $2.12 billion and a price-to-earnings ratio of -159.30. The firm has a 50-day simple moving average of C$22.29 and a 200-day simple moving average of C$20.38. Boralex has a 1 year low of C$15.96 and a 1 year high of C$22.95. The company has a debt-to-equity ratio of 436.91, a quick ratio of 0.81 and a current ratio of 1.01.
Boralex (TSE:BLX) last issued its earnings results on Thursday, August 8th. The company reported C($0.14) EPS for the quarter, topping analysts’ consensus estimates of C($0.17) by C$0.03. The business had revenue of C$121.00 million during the quarter, compared to analysts’ expectations of C$121.00 million. Equities analysts anticipate that Boralex will post 0.29 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Tuesday, November 26th. Boralex’s payout ratio is -464.79%.
Boralex Inc, together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2018, the company had interests in 81 wind power stations with an installed capacity of 1,723 megawatts (MW); 15 hydroelectric power stations with a capacity of 156 MW; 2 thermal power stations with an installed capacity of 47 MW; and 3 solar power stations with an installed capacity of 16 MW.
Further Reading: Why is Cost of Capital Important?
Receive News & Ratings for Boralex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boralex and related companies with MarketBeat.com's FREE daily email newsletter.