Northland Power Inc. (TSE:NPI) Receives Consensus Rating of “Hold” from Analysts

Shares of Northland Power Inc. (TSE:NPI) have earned a consensus recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$24.70.

A number of brokerages recently weighed in on NPI. TD upped their price objective on Northland Power from C$24.00 to C$25.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Scotia boosted their target price on shares of Northland Power from C$23.00 to C$25.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. National Bank Financial upped their price target on shares of Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Desjardins cut their price target on shares of Northland Power from C$23.00 to C$22.00 and set a “hold” rating for the company in a report on Wednesday, July 22nd. Finally, Raymond James Financial boosted their price objective on shares of Northland Power from C$25.50 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, May 15th.

Northland Power Price Performance

Shares of NPI opened at C$21.28 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.23 and a debt-to-equity ratio of 168.64. The stock’s 50 day moving average is C$22.23 and its two-hundred day moving average is C$21.92. Northland Power has a twelve month low of C$15.96 and a twelve month high of C$25.99. The firm has a market capitalization of C$5.56 billion, a PE ratio of -37.33, a P/E/G ratio of 0.71 and a beta of 0.88.

Northland Power (TSE:NPI) last issued its earnings results on Thursday, May 14th. The solar energy provider reported C$0.33 earnings per share (EPS) for the quarter. The business had revenue of C$776.97 million during the quarter. Northland Power had a negative return on equity of 3.45% and a negative net margin of 5.52%.

Northland Power Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a $0.06 dividend. The ex-dividend date was Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. Northland Power’s dividend payout ratio is currently -182.46%.

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.