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

Shares of Northland Power Inc. (TSE:NPI) have earned an average rating of “Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$27.08.

Several equities research analysts have recently issued reports on NPI shares. TD Securities increased their price objective on shares of Northland Power from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Cormark downgraded Northland Power from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 15th. Raymond James cut their price target on Northland Power from C$30.00 to C$29.00 in a report on Friday, February 28th. Scotiabank upgraded Northland Power from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$25.00 to C$26.00 in a report on Thursday, May 22nd. Finally, CIBC dropped their target price on Northland Power from C$29.00 to C$28.00 in a research report on Friday, February 28th.

Northland Power Stock Up 2.2%

TSE:NPI opened at C$21.83 on Friday. Northland Power has a 1 year low of C$16.14 and a 1 year high of C$24.74. The stock has a 50-day moving average price of C$19.60 and a two-hundred day moving average price of C$18.92. The stock has a market cap of C$5.73 billion, a price-to-earnings ratio of -39.99, a PEG ratio of 0.71 and a beta of 0.47. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28.

Northland Power Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.50%. Northland Power’s dividend payout ratio is -219.84%.

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.