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


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Northland Power Inc. (TSE:NPI) has been given a consensus rating of “Buy” by the twelve ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$52.20.

Several equities analysts have recently issued reports on the stock. CSFB set a C$56.00 price objective on shares of Northland Power and gave the company an “outperform” rating in a report on Tuesday, February 23rd. BMO Capital Markets cut their price target on shares of Northland Power from C$49.00 to C$48.00 in a research note on Friday, April 23rd. Credit Suisse Group reaffirmed an “outperform” rating and issued a C$56.00 price target on shares of Northland Power in a report on Monday, February 8th. National Bank Financial lifted their price objective on shares of Northland Power from C$50.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Monday, February 1st. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a C$51.00 target price on shares of Northland Power in a report on Thursday, April 22nd.

Northland Power stock traded down C$0.25 during trading hours on Tuesday, reaching C$41.27. The stock had a trading volume of 453,860 shares, compared to its average volume of 959,311. The company has a market cap of C$9.29 billion and a price-to-earnings ratio of 23.61. The company has a debt-to-equity ratio of 411.87, a current ratio of 1.02 and a quick ratio of 0.77. The business’s 50 day moving average price is C$44.46 and its 200-day moving average price is C$45.09. Northland Power has a 52 week low of C$29.15 and a 52 week high of C$51.45.

Northland Power (TSE:NPI) last announced its earnings results on Monday, February 22nd. The solar energy provider reported C$0.11 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.31 by C($0.20). The business had revenue of C$492.83 million for the quarter, compared to analyst estimates of C$516.00 million. On average, sell-side analysts forecast that Northland Power will post 1.7699999 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Monday, May 17th. Shareholders of record on Friday, April 30th will be issued a $0.10 dividend. The ex-dividend date is Thursday, April 29th. This represents a $1.20 annualized dividend and a yield of 2.91%. Northland Power’s payout ratio is 68.65%.

About Northland Power

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in North America, Europe, Latin America, and Asia. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

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Analyst Recommendations for Northland Power (TSE:NPI)

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