Shares of Northland Power Inc. (TSE:NPI – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$24.90.
Several research firms recently issued reports on NPI. TD upgraded shares of Northland Power from a “hold” rating to a “buy” rating and set a C$25.00 target price for the company in a research note on Friday, August 14th. 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. ATB Cormark Capital Markets raised their price target on shares of Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, TD Securities upgraded shares of Northland Power from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th.
Get Our Latest Report on Northland Power
Northland Power Trading Down 1.7%
Shares of TSE:NPI opened at C$21.54 on Wednesday. Northland Power has a 12-month low of C$15.96 and a 12-month high of C$25.99. The company has a market capitalization of C$5.63 billion, a PE ratio of -38.46, a PEG ratio of 0.71 and a beta of 0.59. The business has a 50 day moving average of C$21.68 and a two-hundred day moving average of C$22.27. The company has a current ratio of 1.04, a quick ratio of 1.23 and a debt-to-equity ratio of 164.38.
Northland Power (TSE:NPI – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The solar energy provider reported C($0.24) EPS for the quarter. The company had revenue of C$512.21 million during the quarter. Northland Power had a negative return on equity of 3.46% and a negative net margin of 5.48%.
Northland Power Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 16th will be given a $0.06 dividend. The ex-dividend date is Friday, October 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.3%. Northland Power’s dividend payout ratio is -164.29%.
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.
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