National Bankshares Issues Pessimistic Forecast for Northland Power (TSE:NPI) Stock Price

Northland Power (TSE:NPI) had its price objective cut by National Bankshares from C$34.00 to C$32.00 in a report published on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the solar energy provider’s stock.

Several other research analysts have also recently issued reports on NPI. Scotiabank lowered their target price on shares of Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. Raymond James upgraded shares of Northland Power to a “moderate buy” rating in a report on Friday, November 15th. Cormark reduced their price target on shares of Northland Power from C$25.00 to C$23.50 in a research report on Thursday, January 30th. Finally, CIBC reduced their price target on shares of Northland Power from C$31.00 to C$29.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Northland Power has an average rating of “Moderate Buy” and a consensus target price of C$28.31.

Northland Power Trading Down 0.4 %

Shares of NPI stock opened at C$17.23 on Tuesday. 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 stock has a market capitalization of C$4.52 billion, a P/E ratio of -31.57, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company has a 50 day moving average price of C$18.02 and a 200 day moving average price of C$20.45. Northland Power has a fifty-two week low of C$16.14 and a fifty-two week high of C$24.88.

Northland Power Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 6.96%. Northland Power’s payout ratio is currently -219.84%.

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.