Brokerages Set Northland Power Inc. (TSE:NPI) PT at C$23.17

Northland Power Inc. (TSE:NPI) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$23.17.

Several brokerages recently commented on NPI. TD Securities lowered Northland Power from a “buy” rating to a “hold” rating and decreased their price target for the company from C$22.00 to C$19.00 in a research note on Friday, November 21st. National Bankshares cut their price objective on Northland Power from C$27.00 to C$25.00 in a report on Friday, November 21st. Raymond James Financial lowered their target price on shares of Northland Power from C$25.00 to C$23.00 in a report on Monday, November 24th. BMO Capital Markets dropped their target price on shares of Northland Power from C$25.00 to C$23.00 in a research report on Friday, November 21st. Finally, CIBC boosted their price target on shares of Northland Power from C$22.00 to C$23.00 in a research report on Wednesday, December 17th.

Northland Power Stock Performance

TSE NPI opened at C$19.28 on Monday. Northland Power has a twelve month low of C$15.96 and a twelve month high of C$25.99. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28. The stock has a market cap of C$5.04 billion, a P/E ratio of -17.69, a PEG ratio of 0.71 and a beta of 0.81. The company’s 50-day simple moving average is C$17.80 and its 200 day simple moving average is C$21.37.

Northland Power (TSE:NPI) last announced its quarterly earnings results on Thursday, November 13th. The solar energy provider reported C($1.58) EPS for the quarter. Northland Power had a negative return on equity of 3.37% and a negative net margin of 5.92%.The business had revenue of C$554.48 million for the quarter.

Insider Activity at Northland Power

In other Northland Power news, insider Christine Healy purchased 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 27th. The shares were acquired at an average cost of C$16.71 per share, for a total transaction of C$501,300.00. Following the transaction, the insider directly owned 30,000 shares in the company, valued at approximately C$501,300. The trade was a ∞ increase in their ownership of the stock. Over the last 90 days, insiders purchased 33,425 shares of company stock valued at $545,461. 0.09% of the stock is owned by insiders.

About Northland Power

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.