Northland Power Inc. (TSE:NPI) Receives C$23.63 Average PT from Analysts

Shares of Northland Power Inc. (TSE:NPI) have earned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$23.63.

A number of research firms recently issued reports on NPI. National Bank Financial lowered their target price on shares of Northland Power from C$27.00 to C$25.00 in a report on Friday, November 21st. TD Securities lifted their price target on shares of Northland Power from C$21.00 to C$23.00 and gave the company a “hold” rating in a report on Friday, February 27th. BMO Capital Markets lowered their price objective on shares of Northland Power from C$25.00 to C$23.00 in a research note on Friday, November 21st. Scotiabank cut their target price on Northland Power from C$24.00 to C$23.00 in a research report on Friday, November 21st. Finally, Raymond James Financial reduced their target price on Northland Power from C$25.00 to C$23.00 in a report on Monday, November 24th.

Northland Power Trading Up 0.6%

Shares of NPI opened at C$21.45 on Tuesday. The stock has a fifty day moving average of C$19.62 and a two-hundred day moving average of C$20.77. Northland Power has a fifty-two week low of C$15.96 and a fifty-two week high of C$25.99. The company has a market capitalization of C$5.61 billion, a PE ratio of -33.00, a price-to-earnings-growth ratio of 0.71 and a beta of 1.09. The company has a debt-to-equity ratio of 176.80, a quick ratio of 1.23 and a current ratio of 1.07.

Northland Power (TSE:NPI) last posted its quarterly earnings results on Wednesday, February 25th. The solar energy provider reported C$0.93 EPS for the quarter. Northland Power had a negative return on equity of 3.92% and a negative net margin of 6.69%.The company had revenue of C$725.26 million during the quarter.

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. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.