Northland Power (TSE:NPI) Price Target Raised to C$23.00 at TD Securities

Northland Power (TSE:NPI) had its price target boosted by TD Securities from C$21.00 to C$23.00 in a research report released on Friday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the solar energy provider’s stock.

Other equities analysts also recently issued research reports about the company. National Bank Financial decreased their target price on Northland Power from C$27.00 to C$25.00 in a research report on Friday, November 21st. ATB Cormark Capital Markets lowered their price objective on Northland Power from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 23rd. Desjardins downgraded Northland Power from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. BMO Capital Markets decreased their price target on shares of Northland Power from C$25.00 to C$23.00 in a research note on Friday, November 21st. Finally, Raymond James Financial lowered their price target on shares of Northland Power from C$25.00 to C$23.00 in a research report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$23.63.

Northland Power Stock Performance

Shares of NPI stock traded up C$0.17 during trading on Friday, reaching C$21.86. 1,722,384 shares of the company’s stock were exchanged, compared to its average volume of 1,025,323. The firm’s fifty day moving average price is C$18.97 and its 200-day moving average price is C$20.81. Northland Power has a twelve month low of C$15.96 and a twelve month high of C$25.99. The stock has a market capitalization of C$5.72 billion, a PE ratio of -20.06, a PEG ratio of 0.71 and a beta of 0.96. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28.

Northland Power (TSE:NPI) last released its quarterly earnings data on Wednesday, February 25th. The solar energy provider reported C$0.93 EPS for the quarter. The firm had revenue of C$725.26 million for the quarter. Northland Power had a negative net margin of 5.92% and a negative return on equity of 3.37%.

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.