Northland Power Inc. (TSE:NPI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Northland Power Inc. (TSE:NPI) has received an average rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$27.08.

NPI has been the topic of a number of recent analyst reports. CIBC lowered their target price on shares of Northland Power from C$29.00 to C$28.00 in a report on Friday, February 28th. Scotiabank raised shares of Northland Power from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$25.00 to C$26.00 in a report on Thursday, May 22nd. TD Securities raised their target price on shares of Northland Power from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Raymond James reduced their price target on Northland Power from C$30.00 to C$29.00 in a report on Friday, February 28th. Finally, Cormark lowered Northland Power from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 15th.

Northland Power Stock Performance

Shares of NPI opened at C$20.75 on Friday. 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 firm has a market cap of C$5.44 billion, a P/E ratio of -38.01, a PEG ratio of 0.71 and a beta of 0.47. Northland Power has a twelve month low of C$16.14 and a twelve month high of C$24.88. The firm’s 50 day moving average price is C$19.35 and its two-hundred day moving average price is C$18.88.

Northland Power Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, March 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.78%. Northland Power’s dividend payout ratio (DPR) 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.