Northland Power Inc. (TSE:NPI) Given Average Rating of “Moderate Buy” by Brokerages

Northland Power Inc. (TSE:NPI) has received an average rating of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$27.21.

Several research firms recently weighed in on NPI. Raymond James reduced their price objective on Northland Power from C$30.00 to C$29.00 in a research note on Friday, February 28th. Scotiabank reduced their price objective on Northland Power from C$28.00 to C$25.00 in a research note on Thursday, January 30th. National Bankshares dropped their target price on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Cormark dropped their target price on Northland Power from C$25.00 to C$23.50 in a research report on Thursday, January 30th. Finally, CIBC dropped their target price on Northland Power from C$29.00 to C$28.00 in a research report on Friday, February 28th.

Northland Power Stock Performance

TSE:NPI opened at C$19.74 on Wednesday. The stock’s 50-day simple moving average is C$19.02 and its 200 day simple moving average is C$18.90. The firm has a market capitalization of C$5.18 billion, a PE ratio of -36.16, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28. Northland Power has a twelve month low of C$16.14 and a twelve month high of C$24.88.

Northland Power Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.20 annualized dividend and a yield of 6.08%. Northland Power’s dividend payout ratio is presently -219.84%.

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.