National Bank Financial Increases Northland Power (TSE:NPI) Price Target to C$27.00

Northland Power (TSE:NPI) had its price objective increased by National Bank Financial from C$26.00 to C$27.00 in a research note published on Wednesday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the solar energy provider’s stock. National Bank Financial also issued estimates for Northland Power’s Q4 2019 earnings at $0.38 EPS and FY2020 earnings at $1.85 EPS.

NPI has been the topic of several other research reports. Royal Bank of Canada reissued a sell rating on shares of CI Financial in a research note on Friday, May 10th. Raymond James reissued an average rating and issued a $4.50 price target on shares of John Hancock Financial Opprts Fund in a research note on Thursday, May 9th. TD Securities dropped their price target on Total Energy Services from C$11.50 to C$10.00 and set a hold rating on the stock in a research note on Friday, May 10th. CIBC lifted their price target on Quebecor from C$34.00 to C$35.00 in a research note on Friday, May 10th. Finally, BMO Capital Markets reissued a buy rating on shares of Gran Tierra Energy in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of C$27.53.

Shares of Northland Power stock opened at C$25.52 on Wednesday. The firm has a market cap of $4.60 billion and a P/E ratio of 15.71. Northland Power has a 12 month low of C$19.91 and a 12 month high of C$26.32. The company has a debt-to-equity ratio of 491.00, a current ratio of 1.33 and a quick ratio of 0.83. The business’s fifty day simple moving average is C$25.34.

Northland Power (TSE:NPI) last released its quarterly earnings results on Wednesday, May 8th. The solar energy provider reported C$0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.45 by C$0.33. The firm had revenue of C$498.54 million during the quarter, compared to analyst estimates of C$473.60 million. Equities research analysts predict that Northland Power will post 2.0799999 EPS for the current fiscal year.

In other Northland Power news, Director John Wycliffe Brace sold 121,600 shares of Northland Power stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$25.52, for a total value of C$3,102,806.40. Following the sale, the director now owns 502,026 shares of the company’s stock, valued at approximately C$12,809,946.43.

About Northland Power

Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

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Analyst Recommendations for Northland Power (TSE:NPI)

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