Northland Power Inc. (TSE:NPI) Given Average Rating of “Hold” by Analysts

Northland Power Inc. (TSE:NPI) has received a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$24.80.

NPI has been the subject of a number of research reports. Desjardins decreased their target price on shares of Northland Power from C$24.00 to C$23.00 and set a “hold” rating for the company in a research note on Friday, May 15th. National Bank Financial raised their price target on Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Raymond James Financial lifted their price objective on Northland Power from C$25.50 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. TD upped their price objective on Northland Power from C$24.00 to C$25.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Finally, ATB Cormark Capital Markets boosted their price target on Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th.

Northland Power Stock Performance

Shares of NPI stock opened at C$22.22 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.16 and a debt-to-equity ratio of 168.64. The company has a 50 day moving average price of C$22.77 and a 200-day moving average price of C$21.45. Northland Power has a 52 week low of C$15.96 and a 52 week high of C$25.99. The firm has a market capitalization of C$5.81 billion, a PE ratio of -38.98, a P/E/G ratio of 0.71 and a beta of 0.86.

Northland Power (TSE:NPI) last issued its quarterly earnings data on Thursday, May 14th. The solar energy provider reported C$0.33 earnings per share 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 for the quarter.

Northland Power Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a $0.06 dividend. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 30th. Northland Power’s dividend payout ratio is -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.