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TSE:BLX

Boralex - BLX Stock Forecast, Price & News

C$49.29
+0.92 (+1.90%)
(As of 08/12/2022 11:05 AM ET)
Add
Compare
Today's Range
C$48.26
C$49.35
50-Day Range
C$40.13
C$49.75
52-Week Range
C$30.04
C$50.07
Volume
44,435 shs
Average Volume
339,990 shs
Market Capitalization
C$5.07 billion
P/E Ratio
159.00
Dividend Yield
1.36%
Price Target
C$48.00
BLX stock logo

About Boralex (TSE:BLX) Stock

Boralex Inc., together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2021, the company had interests in 90 wind power stations with an installed capacity of 2,032 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; 12 solar power stations with an installed capacity of 244 MW; and one thermal power station with an installed capacity of 35 MW. It also operates two hydroelectric power stations on behalf of R.S.P. Énergie Inc. Boralex Inc. was incorporated in 1982 and is headquartered in Kingsey Falls, Canada.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Credit Suisse Group lowered shares of Boralex to a "hold" rating and set a C$46.00 price target on the stock. in a research report on Monday, July 11th. Raymond James lifted their price target on shares of Boralex from C$51.00 to C$52.00 and gave the company an "outperform" rating in a research report on Thursday, August 4th. National Bankshares lifted their price target on shares of Boralex from C$47.00 to C$50.00 and gave the company an "outperform" rating in a research report on Thursday, August 4th. CSFB lowered shares of Boralex from an "outperform" rating to a "neutral" rating in a research report on Monday, July 11th. Finally, BMO Capital Markets lifted their price target on shares of Boralex from C$45.00 to C$50.00 in a research report on Thursday, August 4th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$48.00.

Boralex Stock Performance

Boralex stock traded up C$0.67 on Thursday, hitting C$48.37. The company's stock had a trading volume of 290,161 shares, compared to its average volume of 342,084. The firm has a market cap of C$4.97 billion and a P/E ratio of 156.03. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 288.00. The company has a fifty day moving average price of C$43.60 and a 200-day moving average price of C$39.54. Boralex has a one year low of C$30.04 and a one year high of C$50.07.

Boralex (TSE:BLX - Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported C$0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.08 by C$0.02. The business had revenue of C$168.00 million during the quarter, compared to the consensus estimate of C$176.80 million. On average, equities analysts anticipate that Boralex will post 0.8798095 earnings per share for the current year.

Boralex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, September 16th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, August 30th. Boralex's dividend payout ratio (DPR) is presently 212.90%.

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BLX Stock News Headlines

Brookfield, Boralex, BELLUS at 52-Week Highs
Boralex (TSE:BLX) Given New C$53.00 Price Target at Scotiabank
Boralex (TSE:BLX) PT Raised to C$50.00 at BMO Capital Markets
Boralex (TSE:BLX) Price Target Raised to C$50.00
Raymond James Boosts Boralex (TSE:BLX) Price Target to C$52.00
Scotiabank Raises Boralex (TSE:BLX) Price Target to C$53.00
Bay Street Likely To Open Higher - RTTNews
Boralex (TSE:BLX) Price Target Raised to C$47.00
Boralex (TSE:BLX) Hits New 52-Week High on Analyst Upgrade
See More Headlines
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BLX Company Calendar

Last Earnings
8/03/2022
Today
8/12/2022
Ex-Dividend for 9/16 Dividend
8/30/2022
Dividend Payable
9/16/2022
Next Earnings (Estimated)
11/11/2022

Industry, Sector and Symbol

Industry
Utilities - Independent Power Producers
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
562
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$48.00
High Stock Price Forecast
C$55.00
Low Stock Price Forecast
C$37.00
Forecasted Upside/Downside
-2.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$710 million
Cash Flow
C$2.99 per share
Book Value
C$10.87 per share

Miscellaneous

Free Float
N/A
Market Cap
C$5.07 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Patrick Decostre (Age 49)
    Pres, CEO & Director
    Comp: $1.07M
  • Mr. Bruno Guilmette (Age 56)
    CFO & VP
    Comp: $610.29k
  • Mr. Pascal Hurtubise
    VP & Chief Legal Officer
  • Mr. Hugues Girardin
    VP of Devel.
  • Mr. Nicolas Wolff
    VP & GM of Boralex Europe
  • Mr. Stéphane Milot
    Sr. Director of Investors Relations
  • Ms. Julie Cusson
    VP of Public & Corp. Affairs
  • Ms. Marie-Josée Arsenault
    VP of Talent & Culture
  • Mr. Alain Pouliot
    VP of Operations - North America
  • Linda Filion
    Corp. Sec.













BLX Stock - Frequently Asked Questions

Should I buy or sell Boralex stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boralex in the last twelve months. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BLX shares.
View BLX analyst ratings
or view top-rated stocks.

What is Boralex's stock price forecast for 2022?

11 equities research analysts have issued twelve-month price objectives for Boralex's stock. Their BLX share price forecasts range from C$37.00 to C$55.00. On average, they anticipate the company's stock price to reach C$48.00 in the next twelve months. This suggests that the stock has a possible downside of 0.8%.
View analysts price targets for BLX
or view top-rated stocks among Wall Street analysts.

How have BLX shares performed in 2022?

Boralex's stock was trading at C$34.68 at the start of the year. Since then, BLX shares have increased by 39.5% and is now trading at C$48.37.
View the best growth stocks for 2022 here
.

When is Boralex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 11th 2022.
View our BLX earnings forecast
.

How were Boralex's earnings last quarter?

Boralex Inc. (TSE:BLX) released its earnings results on Wednesday, August, 3rd. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. The firm earned $168 million during the quarter, compared to the consensus estimate of $176.80 million.

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

Boralex announced a quarterly dividend on Tuesday, August 30th. Stockholders of record on Friday, September 16th will be paid a dividend of 0.165 per share on Friday, September 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, August 30th.
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 1.38%. 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.

What other stocks do shareholders of Boralex own?

What is Boralex's stock symbol?

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

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.

What is Boralex's stock price today?

One share of BLX stock can currently be purchased for approximately C$48.37.

How much money does Boralex make?

Boralex (TSE:BLX) has a market capitalization of C$4.97 billion and generates C$710 million in revenue each year.

How many employees does Boralex have?

The company employs 562 workers across the globe.

How can I contact Boralex?

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.

This page (TSE:BLX) was last updated on 8/12/2022 by MarketBeat.com Staff

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