Should I buy or sell Boralex stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Boralex in the last year. There are currently 1 hold rating, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BLX shares. View BLX analyst ratings or view top-rated stocks .

What is Boralex's stock price target for 2024?

8 equities research analysts have issued 12-month price targets for Boralex's shares. Their BLX share price targets range from C$36.00 to C$47.00. On average, they anticipate the company's share price to reach C$40.50 in the next year. This suggests a possible upside of 51.3% from the stock's current price. View analysts price targets for BLX or view top-rated stocks among Wall Street analysts .

How have BLX shares performed in 2024?

Boralex's stock was trading at C$33.68 at the beginning of the year. Since then, BLX stock has decreased by 20.5% and is now trading at C$26.76. View the best growth stocks for 2024 here .

When is Boralex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 15th 2024. View our BLX earnings forecast .

How were Boralex's earnings last quarter?

Boralex Inc. (TSE:BLX) released its earnings results on Friday, March, 1st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.15. The company earned $315 million during the quarter, compared to the consensus estimate of $262.30 million. Boralex had a net margin of 7.63% and a trailing twelve-month return on equity of 5.68%.

How often does Boralex pay dividends? What is the dividend yield for Boralex?

Boralex declared a quarterly dividend on Tuesday, February 13th. Shareholders of record on Thursday, February 29th will be paid a dividend of 0.165 per share on Friday, March 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, February 28th. Read our dividend analysis for BLX .

Is Boralex a good dividend stock?

Boralex (TSE:BLX) pays an annual dividend of C$0.66 per share and currently has a dividend yield of 2.44%. The dividend payout ratio is 86.84%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for BLX .

What other stocks do shareholders of Boralex own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Boralex investors own include Fortis (FTS) , Enbridge (ENB) , Algonquin Power & Utilities (AQN) , Bank of Nova Scotia (BNS) , Pembina Pipeline (PPL) , RioCan Real Estate Investment Trust (REI.UN) , Power Financial (PWF) , TC Energy (TRP) , Air Canada (AC) and Bombardier, Inc. Class B (BBD.B) .

How do I buy shares of Boralex?

Shares of BLX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:BLX

Boralex (BLX) Stock Price, News & Analysis

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C$26.76

-0.32 (-1.18%)

(As of 04/19/2024 ET)

Compare

Today's Range: C$26.72
▼
C$27.35
50-Day Range: C$26.40
▼
C$31.01
52-Week Range: C$25.40
▼
C$41.56

Volume: 300,853 shs
Average Volume: 243,396 shs
Market Capitalization: C$2.75 billion

P/E Ratio: 35.21
Dividend Yield: 2.47%
Price Target: C$40.50

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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Boralex MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 51.3% Upside
C$40.50 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
C$21,699 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.21 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Boralex has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Boralex has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for BLX.

0.8

Dividend Strength

Dividend Yield
Boralex pays a meaningful dividend of 2.44%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Boralex does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Boralex is 86.84%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BLX.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 4 news articles for Boralex this week, compared to 1 article on an average week.
Search Interest
Only 15 people have searched for BLX on MarketBeat in the last 30 days. This is a decrease of -6% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Boralex to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Boralex insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$21,699.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
Only 0.16% of the stock of Boralex is held by insiders.
Percentage Held by Institutions
60.27% of the stock of Boralex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Boralex is 35.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Boralex is 35.21, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 80.10.
Price to Earnings Growth Ratio
Boralex has a PEG Ratio of 0.94. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Boralex has a P/B Ratio of 1.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Boralex Stock (TSE:BLX)

Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities in Canada, France, the United States, and the United Kingdom. It generates electricity from wind, solar, and hydroelectric resources. As of December 31, 2023, the company operates 100 wind farms; 12 solar energy facilities; 15 hydroelectric power stations; and 2 storage units with an installed capacity of 1,819 megawatts (MW) in North America and 1,259 MW in Europe. Boralex Inc. was incorporated in 1982 and is headquartered in Kingsey Falls, Canada.

BLX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BLX Stock News Headlines

April 8, 2024 | finance.yahoo.com

Boralex will release its 2024 first quarter financial results on May 15

March 23, 2024 | investing.com

BLX/USD - Blockchain Index US Dollar

April 19, 2024 | Behind the Markets (Ad)

Tiny Biotech Stock Wins $75 Billion Patent

March 22, 2024 | seekingalpha.com

BLX:CA Boralex Inc.

March 1, 2024 | ca.finance.yahoo.com

Stocks in play: Boralex Inc.

February 16, 2024 | finance.yahoo.com

With 53% ownership, Boralex Inc. (TSE:BLX) boasts of strong institutional backing

February 13, 2024 | finance.yahoo.com

Boralex: Dividend Declaration

November 8, 2023 | finance.yahoo.com

REMINDER -- Boralex will release its 2023 third quarter financial results on November 9

April 19, 2024 | Behind the Markets (Ad)

Tiny Biotech Stock Wins $75 Billion Patent

October 18, 2023 | markets.businessinsider.com

Boralex Inc Cl A (BLX) Gets a Buy Rating from BMO Capital

September 11, 2023 | markets.businessinsider.com

Boralex Inc Cl A (BLX) Received its Third Buy in a Row

September 8, 2023 | finanznachrichten.de

Boralex Inc.: Boralex and the Innu announce the closing of a financing for over $600 million for the Apuiat wind farm in Quebec

September 8, 2023 | markets.businessinsider.com

BMO Capital Thinks Boralex Inc Cl A’s Stock is Going to Recover

September 8, 2023 | finance.yahoo.com

Boralex and the Innu announce the closing of a financing for over $600 million for the Apuiat wind farm in Quebec

September 1, 2023 | finance.yahoo.com

With 52% ownership of the shares, Boralex Inc. (TSE:BLX) is heavily dominated by institutional owners

August 23, 2023 | theglobeandmail.com

Boralex: Top 10 Undervalued Utilities Sector Stocks on TSX (BLX)

August 16, 2023 | finance.yahoo.com

Is Boralex Inc.'s (TSE:BLX) 0.7% ROE Worse Than Average?

August 14, 2023 | msn.com

Boralex shares jump 10% after reporting Q2 profit up from year ago

August 14, 2023 | proactiveinvestors.com

Boralex stock rises as French prices and new wind farms boost revenue

August 14, 2023 | markets.businessinsider.com

Boralex increases its net earnings and combined results by actively pursuing its growth strategy in the second quarter of 2023

August 11, 2023 | theglobeandmail.com

Housing, Retail Figures Due Next Week

July 26, 2023 | markets.businessinsider.com

Boralex Inc Cl A (BLX) Receives a Hold from RBC Capital

July 26, 2023 | finance.yahoo.com

Corporate Social Responsibility: Boralex raises EcoVadis score, retains Gold Medal

July 21, 2023 | markets.businessinsider.com

CIBC Thinks Boralex Inc Cl A’s Stock is Going to Recover

July 15, 2023 | finance.yahoo.com

Boralex Inc. (TSE:BLX) Shares Could Be 39% Below Their Intrinsic Value Estimate

July 13, 2023 | finance.yahoo.com

Boralex will release its 2023 second quarter financial results on August 14

June 28, 2023 | finance.yahoo.com

Boralex ranks once again among Corporate Knights’ Best 50 Corporate Citizens in Canada

See More Headlines

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Company Calendar

Ex-Dividend for 3/15 Dividend: 2/28/2024
Last Earnings: 3/01/2024
Dividend Payable: 3/15/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/15/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Utilities
Industry: Utilities - Renewable
Sub-Industry: N/A
Current Symbol: TSE:BLX
CUSIP: N/A
CIK: N/A
Web: www.boralex.com
Phone: +1-819-3636363
Fax: N/A
Employees: 753
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$40.75
High Stock Price Target: C$47.00
Low Stock Price Target: C$36.00
Potential Upside/Downside: +49.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.76
Trailing P/E Ratio: 35.80
Forward P/E Ratio: 25.67
P/E Growth: 0.94
Net Income: C$78 million
Net Margins: 7.63%
Pretax Margin: N/A
Return on Equity: 5.68%
Return on Assets: 2.35%

Debt

Debt-to-Equity Ratio: 179.25
Current Ratio: 1.08
Quick Ratio: 1.54

Sales & Book Value

Annual Sales: C$1.02 billion
Price / Sales: 2.74
Cash Flow: C$4.28 per share
Price / Cash Flow: 6.36
Book Value: C$15.85 per share
Price / Book: 1.72

Miscellaneous

Outstanding Shares: 102,770,000
Free Float: N/A
Market Cap: C$2.80 billion
Optionable: Not Optionable
Beta: 0.41

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Key Executives

Mr. Patrick Decostre (Age 51)
President, CEO & Director
Comp: $1.12M
Mr. Bruno Guilmette (Age 58)
CFO & EVP
Comp: $624.55k
Mr. Pascal Hurtubise
Executive VP & Chief Legal Officer
Mr. Hugues Girardin
Executive VP & GM of North America
Mr. Nicolas Wolff
Executive VP & GM of Europe
Mr. Stéphane Milot
Vice President of Investors Relations
Ms. Isabelle Fontaine
Senior Vice President of Marketing, Public Affairs & Corporate Communications
Ms. Marie-Josée Arsenault
Executive VP and Chief People & Culture Officer
Ms. Julie Cusson
Senior Vice President of Synergies & Special Projects
Adam Rosso
Senior Vice President of Development of North America

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

BLX Stock Analysis - Frequently Asked Questions

Should I buy or sell Boralex stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Boralex in the last year. There are currently 1 hold rating, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BLX shares.
View BLX analyst ratings or view top-rated stocks.
What is Boralex's stock price target for 2024?: 8 equities research analysts have issued 12-month price targets for Boralex's shares. Their BLX share price targets range from C$36.00 to C$47.00. On average, they anticipate the company's share price to reach C$40.50 in the next year. This suggests a possible upside of 51.3% from the stock's current price.
View analysts price targets for BLX or view top-rated stocks among Wall Street analysts.
How have BLX shares performed in 2024?: Boralex's stock was trading at C$33.68 at the beginning of the year. Since then, BLX stock has decreased by 20.5% and is now trading at C$26.76.
View the best growth stocks for 2024 here.
When is Boralex's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 15th 2024.
View our BLX earnings forecast.
How were Boralex's earnings last quarter?: Boralex Inc. (TSE:BLX) released its earnings results on Friday, March, 1st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.15. The company earned $315 million during the quarter, compared to the consensus estimate of $262.30 million. Boralex had a net margin of 7.63% and a trailing twelve-month return on equity of 5.68%.

How often does Boralex pay dividends? What is the dividend yield for Boralex?: Boralex declared a quarterly dividend on Tuesday, February 13th. Shareholders of record on Thursday, February 29th will be paid a dividend of 0.165 per share on Friday, March 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, February 28th.
Read our dividend analysis for BLX.
Is Boralex a good dividend stock?: Boralex (TSE:BLX) pays an annual dividend of C$0.66 per share and currently has a dividend yield of 2.44%. The dividend payout ratio is 86.84%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for BLX.
What other stocks do shareholders of Boralex own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Boralex investors own include Fortis (FTS), Enbridge (ENB), Algonquin Power & Utilities (AQN), Bank of Nova Scotia (BNS), Pembina Pipeline (PPL), RioCan Real Estate Investment Trust (REI.UN), Power Financial (PWF), TC Energy (TRP), Air Canada (AC) and Bombardier, Inc. Class B (BBD.B).
How do I buy shares of Boralex?: Shares of BLX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:BLX) was last updated on 4/19/2024 by MarketBeat.com Staff

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Boralex (BLX) Stock Price, News & Analysis

Boralex MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Boralex Stock (TSE:BLX)

BLX Stock Price History

BLX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

BLX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™