Northland Power (TSE:NPI) Price Target Raised to C$28.00 at ATB Cormark Capital Markets

Northland Power (TSE:NPI) had its price target hoisted by ATB Cormark Capital Markets from C$27.00 to C$28.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has an outperform rating on the solar energy provider’s stock.

A number of other analysts have also recently issued reports on NPI. National Bank Financial increased their price objective on Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Desjardins lowered their price target on shares of Northland Power from C$23.00 to C$22.00 and set a “hold” rating on the stock in a report on Wednesday, July 22nd. Raymond James Financial boosted their price objective on shares of Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Scotia increased their target price on shares of Northland Power from C$23.00 to C$25.00 and gave the stock a “sector perform” rating in a research note on Friday, May 15th. Finally, TD boosted their price target on shares of Northland Power from C$24.00 to C$25.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.90.

Northland Power Trading Up 3.6%

Shares of NPI stock opened at C$21.58 on Friday. The company has a market capitalization of C$5.64 billion, a price-to-earnings ratio of -37.86, a PEG ratio of 0.71 and a beta of 0.88. The company has a debt-to-equity ratio of 168.64, a quick ratio of 1.23 and a current ratio of 1.16. The company has a 50-day simple moving average of C$22.00 and a two-hundred day simple moving average of C$22.00. Northland Power has a 52-week low of C$15.96 and a 52-week high of C$25.99.

Northland Power (TSE:NPI) last posted its quarterly earnings data 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 3.45% and a negative net margin of 5.52%.The business had revenue of C$2.35 million during the quarter.

Northland Power Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. Northland Power’s payout ratio is -182.46%.

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.