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

Northland Power Inc. (TSE:NPI) has received a consensus rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$24.80.

A number of equities analysts have recently weighed in on NPI shares. Canadian Imperial Bank of Commerce upped their target price on 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. TD upped their target price on 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. Desjardins lowered their target price on Northland Power from C$24.00 to C$23.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. National Bank Financial upped their target price 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. Finally, ATB Cormark Capital Markets upped their target price on 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.

Northland Power Price Performance

Northland Power stock opened at C$22.87 on Thursday. The company has a debt-to-equity ratio of 168.64, a quick ratio of 1.23 and a current ratio of 1.16. Northland Power has a 52-week low of C$15.96 and a 52-week high of C$25.99. The stock’s 50 day moving average price is C$23.17 and its two-hundred day moving average price is C$20.86. The stock has a market capitalization of C$5.98 billion, a price-to-earnings ratio of -40.12, a PEG ratio of 0.71 and a beta of 0.81.

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

Northland Power Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Northland Power’s dividend payout ratio 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.