Raymond James Financial Has Lowered Expectations for Northland Power (TSE:NPI) Stock Price

Northland Power (TSE:NPI) had its price objective decreased by stock analysts at Raymond James Financial from C$25.00 to C$23.00 in a research note issued to investors on Monday,BayStreet.CA reports. Raymond James Financial’s target price indicates a potential upside of 36.99% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. ATB Capital lowered their target price on Northland Power from C$26.00 to C$23.00 in a report on Friday. BMO Capital Markets dropped their price objective on Northland Power from C$25.00 to C$23.00 in a research report on Friday. Desjardins lowered shares of Northland Power from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. Scotiabank reduced their price objective on shares of Northland Power from C$24.00 to C$23.00 in a research note on Friday. Finally, National Bankshares decreased their target price on shares of Northland Power from C$27.00 to C$25.00 in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$23.39.

Northland Power Price Performance

Shares of NPI traded down C$0.23 on Monday, reaching C$16.79. The stock had a trading volume of 1,646,748 shares, compared to its average volume of 989,563. The firm has a 50-day moving average of C$23.43 and a 200 day moving average of C$22.39. The firm has a market capitalization of C$4.39 billion, a PE ratio of -15.40, a PEG ratio of 0.71 and a beta of 0.87. Northland Power has a twelve month low of C$16.14 and a twelve month high of C$25.99. 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 (TSE:NPI) last announced its earnings results on Thursday, November 13th. The solar energy provider reported C($1.58) earnings per share (EPS) for the quarter. The business had revenue of C$559.39 million for the quarter. Northland Power had a negative return on equity of 3.37% and a negative net margin of 5.92%.

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.