Northland Power (TSE:NPI) Price Target Raised to C$25.00 at TD

Northland Power (TSE:NPI) had its price objective raised by TD from C$24.00 to C$25.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a hold rating on the solar energy provider’s stock.

Several other analysts have also issued reports on NPI. Canadian Imperial Bank of Commerce upped their price target on Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Friday, March 27th. Desjardins lifted their price objective on Northland Power from C$23.00 to C$24.00 and gave the stock a “hold” rating in a report on Friday, May 1st. National Bank Financial upped their price objective on shares of Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday. Finally, TD Securities increased their target price on shares of Northland Power from C$21.00 to C$23.00 and gave the stock a “hold” rating in a research report on Friday, February 27th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Northland Power has an average rating of “Hold” and an average target price of C$24.80.

Northland Power Trading Up 1.5%

Shares of Northland Power stock opened at C$22.98 on Friday. The stock has a fifty day simple moving average of C$22.87 and a 200 day simple moving average of C$20.66. Northland Power has a 12-month low of C$15.96 and a 12-month high of C$25.99. The company has a market capitalization of C$6.01 billion, a P/E ratio of -40.32, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90. The company has a current ratio of 1.16, a quick ratio of 1.23 and a debt-to-equity ratio of 168.64.

Northland Power (TSE:NPI) last issued its quarterly earnings results on Thursday, May 14th. The solar energy provider reported C$0.33 EPS for the quarter. The business had revenue of C$776.97 million for the quarter. Northland Power had a negative return on equity of 3.45% and a negative net margin of 5.52%.

Northland Power Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 3.1%. Northland Power’s dividend payout ratio is -182.46%.

About Northland Power

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.