Northland Power Inc. (TSE:NPI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Northland Power Inc. (TSE:NPI) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$24.90.

A number of equities research analysts have recently commented on NPI shares. ATB Cormark Capital Markets upped their target price 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, August 14th. TD Securities upgraded Northland Power from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th. National Bank Financial upped their price objective on Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. TD raised Northland Power from a “hold” rating to a “buy” rating and set a C$25.00 price objective for the company in a research report on Friday, August 14th. Finally, Desjardins decreased their price objective on Northland Power from C$23.00 to C$22.00 and set a “hold” rating for the company in a research report on Wednesday, July 22nd.

Northland Power Price Performance

NPI stock opened at C$20.92 on Tuesday. The company has a fifty day moving average price of C$21.53 and a 200 day moving average price of C$22.23. 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 cap of C$5.47 billion, a price-to-earnings ratio of -37.36, a price-to-earnings-growth ratio of 0.71 and a beta of 0.87. The company has a debt-to-equity ratio of 164.38, a current ratio of 1.04 and a quick ratio of 1.23.

Northland Power (TSE:NPI) last issued its quarterly earnings results on Thursday, August 13th. The solar energy provider reported C($0.24) earnings per share for the quarter. Northland Power had a negative return on equity of 3.46% and a negative net margin of 5.48%.The business had revenue of C$2.35 million for the quarter.

Northland Power Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.06 per share. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, June 30th. Northland Power’s dividend payout ratio is -164.29%.

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.