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

Northland Power Inc. (TSE:NPI) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$24.90.

Several analysts recently weighed in on NPI shares. National Bank Financial upped their price objective on Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. TD Securities raised Northland Power from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 14th. ATB Cormark Capital Markets increased their target price on shares of Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. TD upgraded shares of Northland Power from a “hold” rating to a “buy” rating and set a C$25.00 price target on the stock in a research note on Friday, August 14th. Finally, Raymond James Financial lifted their price target on shares of Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a report on Friday, May 15th.

Northland Power Stock Down 0.5%

Shares of NPI opened at C$20.74 on Tuesday. Northland Power has a one year low of C$15.96 and a one year high of C$25.99. The company has a market cap of C$5.42 billion, a P/E ratio of -37.04, a P/E/G ratio of 0.71 and a beta of 0.88. The company has a debt-to-equity ratio of 164.38, a current ratio of 1.04 and a quick ratio of 1.23. The firm has a 50 day simple moving average of C$21.66 and a two-hundred day simple moving average of C$22.19.

Northland Power (TSE:NPI) last released its earnings results on Thursday, August 13th. The solar energy provider reported C($0.24) earnings per share for the quarter. Northland Power had a negative return on equity of 3.46% and a negative net margin of 5.48%.The business had revenue of C$2.35 million for the quarter.

Northland Power Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.06 dividend. The ex-dividend date was Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 3.5%. Northland Power’s dividend payout ratio (DPR) is currently -164.29%.

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.