FY2016 Earnings Estimate for Northland Power Inc. Issued By Raymond James Financial (NPI)
Northland Power Inc. (TSE:NPI) – Equities research analysts at Raymond James Financial reduced their FY2016 earnings per share (EPS) estimates for Northland Power in a report issued on Thursday. Raymond James Financial analyst D. Quezada now forecasts that the firm will post earnings per share of $0.66 for the year, down from their previous forecast of $0.72. Raymond James Financial currently has a “Outperform” rating on the stock. Raymond James Financial also issued estimates for Northland Power’s Q4 2016 earnings at $0.83 EPS and FY2017 earnings at $1.23 EPS.
A number of other equities research analysts also recently weighed in on NPI. TD Securities raised shares of Northland Power from a “hold” rating to a “buy” rating and set a C$25.00 price target for the company in a research note on Friday. BMO Capital Markets boosted their price target on shares of Northland Power from C$23.00 to C$24.00 and gave the stock a “market perform” rating in a research note on Thursday, August 11th. FirstEnergy Capital raised shares of Northland Power from an “underperform” rating to a “market perform” rating in a research note on Friday, August 12th. Finally, Canaccord Genuity began coverage on shares of Northland Power in a research note on Wednesday, July 20th. They set a “hold” rating and a C$26.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of C$25.11.
Shares of Northland Power (TSE:NPI) opened at 21.76 on Monday. The firm’s 50 day moving average is $23.58 and its 200-day moving average is $23.26. The firm’s market cap is $3.75 billion. Northland Power has a 52 week low of $16.90 and a 52 week high of $25.14.
Northland Power Company Profile
Northland Power Inc (Northland) is an independent power producer. The Company develops, finances, builds, owns and operates facilities in Canada and internationally that produce clean and green energy using natural gas, biomass, wind and solar technology. Northland segments include thermal; renewable; managed, which includes management and operations services for Kirkland Lake, Cochrane and Canadian Environmental Energy Corporation (CEEC); offshore wind, including Gemini and Nordsee, and other, which includes investment income and administration of Northland.
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