Northland Power Inc. (TSE:NPI) Receives C$24.80 Consensus Target Price from Analysts

Shares of Northland Power Inc. (TSE:NPI) have been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$24.80.

A number of equities analysts recently commented on the stock. Raymond James Financial lifted their target price on shares of Northland Power from C$25.50 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. ATB Cormark Capital Markets lifted their target price on shares of Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. National Bank Financial lifted 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 research report on Friday, May 15th. Canadian Imperial Bank of Commerce lifted their target price on shares of Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday, March 27th. Finally, TD lifted their target price on shares of Northland Power from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research report on Friday, May 15th.

Northland Power Stock Performance

Northland Power stock opened at C$23.47 on Friday. The firm’s fifty day moving average price is C$23.16 and its 200-day moving average price is C$20.48. The company has a debt-to-equity ratio of 168.64, a quick ratio of 1.23 and a current ratio of 1.16. The stock has a market cap of C$6.14 billion, a P/E ratio of -41.18, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90. Northland Power has a fifty-two week low of C$15.96 and a fifty-two week high of C$25.99.

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

Northland Power Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Thursday, April 30th. Northland Power’s dividend payout ratio (DPR) is presently -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.