Boralex (TSE:BLX) Earns Hold Rating from Tudor Pickering

Boralex (TSE:BLX)‘s stock had its “hold” rating restated by Tudor Pickering in a research report issued on Thursday, Stock Target Advisor reports. They presently have a C$41.00 target price on the stock. Tudor Pickering’s price target suggests a potential upside of 7.27% from the stock’s previous close.

BLX has been the topic of several other research reports. CIBC boosted their price objective on shares of Boralex to C$47.00 and gave the stock an “outperform” rating in a report on Friday, June 18th. TD Securities dropped their price objective on shares of Boralex from C$55.00 to C$50.00 and set a “buy” rating on the stock in a report on Thursday, May 6th. Credit Suisse Group restated a “neutral” rating and set a C$43.00 price objective on shares of Boralex in a report on Friday, June 18th. Royal Bank of Canada dropped their price objective on shares of Boralex from C$50.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Thursday, May 6th. Finally, CSFB set a C$43.00 target price on shares of Boralex and gave the company a “neutral” rating in a research report on Friday, June 18th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$47.55.

BLX traded up C$0.20 during trading on Thursday, hitting C$38.22. The stock had a trading volume of 107,071 shares, compared to its average volume of 621,133. The company has a 50 day simple moving average of C$37.64. Boralex has a 12 month low of C$32.24 and a 12 month high of C$56.70. The company has a current ratio of 1.16, a quick ratio of 1.04 and a debt-to-equity ratio of 311.63. The stock has a market capitalization of C$3.92 billion and a price-to-earnings ratio of 81.97.

Boralex (TSE:BLX) last posted its quarterly earnings data on Wednesday, May 5th. The company reported C$0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.44 by C($0.11). The firm had revenue of C$206.00 million for the quarter. As a group, research analysts forecast that Boralex will post 0.72 EPS for the current year.

About Boralex

Boralex Inc, together with its subsidiaries, engages in the development, construction, and operation of renewable energy power facilities primarily in Canada, France, the United Kingdom, and the United States. As of December 31, 2020, the company had interests in 88 wind power stations with an installed capacity of 2,002 megawatts (MW); 16 hydroelectric power stations with a capacity of 181 MW; two thermal power stations with an installed capacity of 47 MW; and 10 solar power stations with an installed capacity of 225 MW.

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