Northland Power Inc. (TSE:NPI) Receives C$31.42 Consensus Price Target from Analysts

Shares of Northland Power Inc. (TSE:NPI) have been given an average rating of “Moderate Buy” by the eleven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$31.42.

NPI has been the subject of a number of recent analyst reports. TD Securities upped their target price on Northland Power from C$27.00 to C$28.00 and gave the company a “buy” rating in a report on Friday, May 17th. Scotiabank increased their price objective on Northland Power from C$27.00 to C$28.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 12th. CIBC increased their price objective on Northland Power from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. National Bankshares increased their price objective on Northland Power from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th. Finally, Raymond James downgraded Northland Power from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from C$32.00 to C$30.00 in a report on Thursday, April 25th.

Northland Power Price Performance

Shares of Northland Power stock opened at C$23.52 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.16 and a debt-to-equity ratio of 164.02. The company has a market cap of C$6.03 billion, a PE ratio of -33.60, a P/E/G ratio of 0.71 and a beta of 0.44. The business has a 50 day moving average of C$22.99 and a 200 day moving average of C$23.27. Northland Power has a 52 week low of C$19.36 and a 52 week high of C$27.72.

Northland Power (TSE:NPI) last announced its earnings results on Wednesday, May 15th. The solar energy provider reported C$0.29 EPS for the quarter, missing analysts’ consensus estimates of C$0.55 by C($0.26). The business had revenue of C$754.92 million for the quarter, compared to the consensus estimate of C$684.27 million. Northland Power had a negative net margin of 7.16% and a negative return on equity of 1.15%. As a group, equities research analysts forecast that Northland Power will post 1.3008658 earnings per share for the current year.

Northland Power Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.20 annualized dividend and a dividend yield of 5.10%. Northland Power’s dividend payout ratio (DPR) is presently -171.43%.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.