Northland Power Inc. (TSE:NPI) Stock Has Average Target Price of C$24.90

Northland Power Inc. (TSE:NPI) has received an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat reports. Four investment 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 target price among analysts that have covered the stock in the last year is C$24.90.

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

Northland Power Price Performance

NPI opened at C$21.54 on Wednesday. Northland Power has a twelve month low of C$15.96 and a twelve month high of C$25.99. The firm has a market cap of C$5.63 billion, a price-to-earnings ratio of -38.46, a PEG ratio of 0.71 and a beta of 0.59. The company has a current ratio of 1.04, a quick ratio of 1.23 and a debt-to-equity ratio of 164.38. The company has a fifty day simple moving average of C$21.68 and a 200 day simple moving average of C$22.26.

Northland Power (TSE:NPI) last issued its quarterly earnings data on Thursday, August 13th. The solar energy provider reported C($0.24) EPS for the quarter. The firm had revenue of C$512.21 million during the quarter. Northland Power had a negative return on equity of 3.46% and a negative net margin of 5.48%.

Northland Power Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be paid a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, October 30th. Northland Power’s payout ratio is -164.29%.

Northland Power Company Profile

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.