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

Shares of Northland Power Inc. (TSE:NPI) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$23.63.

A number of research firms recently commented on NPI. National Bank Financial decreased their price objective on Northland Power from C$27.00 to C$25.00 in a research note on Friday, November 21st. TD Securities boosted their target price on shares of Northland Power from C$21.00 to C$23.00 and gave the company a “hold” rating in a research note on Friday, February 27th. Raymond James Financial reduced their target price on shares of Northland Power from C$25.00 to C$23.00 in a report on Monday, November 24th. Scotiabank decreased their price target on shares of Northland Power from C$24.00 to C$23.00 in a research note on Friday, November 21st. Finally, ATB Cormark Capital Markets lowered their price target on shares of Northland Power from C$23.00 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, December 23rd.

Northland Power Price Performance

NPI stock opened at C$21.76 on Tuesday. Northland Power has a 1 year low of C$15.96 and a 1 year high of C$25.99. The company has a debt-to-equity ratio of 176.80, a quick ratio of 1.23 and a current ratio of 1.07. The stock’s 50 day moving average price is C$19.75 and its 200 day moving average price is C$20.74. The firm has a market cap of C$5.69 billion, a P/E ratio of -33.48, a PEG ratio of 0.71 and a beta of 1.09.

Northland Power (TSE:NPI) last released its quarterly earnings results on Wednesday, February 25th. The solar energy provider reported C$0.93 earnings per share for the quarter. Northland Power had a negative return on equity of 3.92% and a negative net margin of 6.69%.The company had revenue of C$725.26 million during the quarter.

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.