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

Shares of Northland Power Inc. (TSE:NPI) have been assigned a consensus rating of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$27.25.

Several equities research analysts recently commented on NPI shares. Scotiabank raised shares of Northland Power from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$25.00 to C$26.00 in a research note on Thursday, May 22nd. Cormark lowered Northland Power from a “moderate buy” rating to a “hold” rating in a report on Thursday, May 15th. CIBC lifted their price target on Northland Power from C$28.00 to C$29.00 in a report on Monday, July 21st. Finally, National Bank Financial upgraded Northland Power to a “strong-buy” rating in a research report on Sunday, June 8th.

Northland Power Stock Performance

Shares of NPI opened at C$22.88 on Monday. The company has a 50-day moving average of C$21.74 and a two-hundred day moving average of C$19.68. The stock has a market cap of C$6.00 billion, a price-to-earnings ratio of -41.92, a PEG ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23. Northland Power has a one year low of C$16.14 and a one year high of C$24.25.

Northland Power Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date of this dividend is Thursday, July 31st. Northland Power’s dividend payout ratio (DPR) is presently -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.