Raymond James Financial Cuts Northland Power (TSE:NPI) Price Target to C$23.00

Northland Power (TSE:NPI) had its price target cut by Raymond James Financial from C$25.00 to C$23.00 in a research note released on Monday morning,BayStreet.CA reports.

A number of other research analysts also recently commented on the stock. National Bankshares dropped their target price on shares of Northland Power from C$27.00 to C$25.00 in a research report on Friday, November 21st. Scotiabank dropped their price objective on Northland Power from C$24.00 to C$23.00 in a report on Friday, November 21st. CIBC reduced their target price on Northland Power from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. BMO Capital Markets decreased their target price on Northland Power from C$25.00 to C$23.00 in a research report on Friday, November 21st. Finally, Desjardins lowered Northland Power from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Northland Power has an average rating of “Moderate Buy” and a consensus price target of C$23.39.

Northland Power Trading Up 1.5%

TSE NPI opened at C$16.48 on Monday. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. The firm has a market cap of C$4.31 billion, a price-to-earnings ratio of -15.12, a PEG ratio of 0.71 and a beta of 0.87. The firm has a 50 day simple moving average of C$23.06 and a 200-day simple moving average of C$22.32. Northland Power has a one year low of C$15.96 and a one year high of C$25.99.

Northland Power (TSE:NPI) last announced its quarterly earnings data on Thursday, November 13th. The solar energy provider reported C($1.58) earnings per share (EPS) for the quarter. Northland Power had a negative net margin of 5.92% and a negative return on equity of 3.37%. The company had revenue of C$559.39 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.