Boralex Inc. (TSE:BLX – Get Rating) – Raymond James analysts released earnings forecasts for Boralex stock for the first quarter of 2023 in a note issued to investors on Friday, December 30. did. Raymond James analyst D. Quezada expects the company to post earnings of $0.60 per share in the quarter. Raymond James is rated “Outperform” and has a price target of $53.00. Boralex’s current consensus estimate for annual earnings is $1.11 per share. Raymond James also posted Boralex’s Q2 2023 earnings at $0.21 EPS, Q3 2023 earnings at ($0.03) EPS and Q4 2023 earnings at $0.50 EPS. Estimated at
Boralex (TSE:BLX – Get Rating) last announced its quarterly earnings data on Wednesday, November 9th. The company reported C ($0.41) EPS for the quarter, missing analyst consensus estimates of C ($0.24) to C ($0.17). The company’s revenue for the quarter was C$106 million, compared to consensus expectations of C$129 million.
Several other research analysts have also recently commented on the BLX. Scotiabank raised its target price on Volarex shares to C$53.00 from C$50.00 in a report on Friday. TD Securities lowered its price target on Volarex stock to C$50.00 from C$53.00 in a research report on Thursday, November 10, giving the stock a Buy rating. The CSFB lowered its price target on Volarex shares to C$36.00 from C$43.00 in its research report on Monday, November 21st. In its research report on Thursday, November 10, CIBC lowered its price target on Volarex stock to C$45.00 from C$46.00 and gave the stock an “Outperform” rating. Finally, Royal Bank of Canada raised its price target on Volarex shares from C$40.00 to C$42.00, giving it a ‘Sector Performing’ rating in its research report on Friday. Five research analysts have rated this stock with a hold rating and five have issued a buy rating on the stock. Based on MarketBeat data, the consensus rating for this stock is ‘moderate buy’ with a consensus price target of C$45.38.
Volarex shares fell 2.2%
Volarex shares opened at C$40.02 on Monday. The stock has a market capitalization of C$4.1 billion and a P/E of 121.27. The company has a quick ratio of 1.54, a current ratio of 1.64 and a debt to equity ratio of 171.03. Boralex has a 12-month low of C$30.04 and a 12-month high of C$51.55. The company has a 50-day moving average price of CAD 38.37 and a 200-day moving average price of CAD 42.50.
Volarex company profile
Boralex Inc, together with its subsidiaries, is primarily engaged in the development, construction and operation of renewable energy power generation facilities in Canada, France and the United States. As of December 31, 2021, the company had interests in 90 wind farms with an installed capacity of 2,032 megawatts (MW). 16 hydropower plants with a capacity of 181 MW. 12 solar power plants with an installed capacity of 244 MW. One thermal power plant with an installed capacity of 35 MW.
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to email@example.com.
Listen to this before considering Boralex.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat identified five stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and Boralex wasn’t on the list.
Volarex currently has a “moderate buy” rating among analysts, but top-rated analysts believe these five stocks are the better buys.
See 5 stocks here