Boralex (BLX) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boralex in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BLX shares.
View BLX analyst ratings or view top-rated stocks.

8 Wall Street research analysts have issued twelve-month price objectives for Boralex's shares. Their BLX share price forecasts range from C$36.00 to C$57.50. On average, they expect the company's share price to reach C$46.27 in the next year. This suggests a possible upside of 58.6% from the stock's current price.
View analysts price targets for BLX or view top-rated stocks among Wall Street analysts.

Boralex's stock was trading at C$40.02 at the beginning of the year. Since then, BLX stock has decreased by 27.1% and is now trading at C$29.18.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our BLX earnings forecast.

Boralex Inc. (TSE:BLX) announced its earnings results on Monday, August, 14th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.10. The business earned $210 million during the quarter, compared to the consensus estimate of $202.35 million. Boralex had a trailing twelve-month return on equity of 0.68% and a net margin of 3.35%.

Boralex announced a quarterly dividend on Monday, August 14th. Stockholders of record on Thursday, August 31st will be paid a dividend of 0.165 per share on Monday, September 18th. This represents a $0.66 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Wednesday, August 30th.
Read our dividend analysis for BLX.

Boralex (TSE:BLX) pays an annual dividend of C$0.66 per share and currently has a dividend yield of 2.12%. The dividend payout ratio is 212.90%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for BLX.

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).

Boralex trades on the Toronto Stock Exchange (TSX) under the ticker symbol "BLX."

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.
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One share of BLX stock can currently be purchased for approximately C$29.18.

Boralex (TSE:BLX) has a market capitalization of C$3.00 billion and generates C$954 million in revenue each year. The company earns C$32 million in net income (profit) each year or C$0.31 on an earnings per share basis.

The company employs 701 workers across the globe.

Boralex's mailing address is 36 Lajeunesse St, KINGSEY FALLS, QC J0A 1B0, Canada. The official website for the company is www.boralex.com. The company can be reached via phone at +1-819-3636363.