Brokerages Set Northland Power Inc. (TSE:NPI) PT at C$24.80

Shares of Northland Power Inc. (TSE:NPI) have earned an average rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$24.80.

A number of analysts have recently commented on the stock. Canadian Imperial Bank of Commerce boosted their target price on shares of Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, March 27th. Raymond James Financial boosted their target price on shares of Northland Power from C$25.50 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets boosted their target price on shares of Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Desjardins cut 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. Finally, National Bank Financial boosted their price target on shares of Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th.

Northland Power Stock Up 0.2%

NPI stock opened at C$23.52 on Friday. The stock has a market capitalization of C$6.15 billion, a P/E ratio of -41.26, a P/E/G ratio of 0.71 and a beta of 0.90. The firm has a 50-day simple moving average of C$23.19 and a 200-day simple moving average of C$20.50. The company has a quick ratio of 1.23, a current ratio of 1.16 and a debt-to-equity ratio of 168.64. Northland Power has a 52 week low of C$15.96 and a 52 week high of C$25.99.

Northland Power (TSE:NPI) last released its earnings results on Thursday, May 14th. The solar energy provider reported C$0.33 EPS for the quarter. The business had revenue of C$776.97 million during the quarter. Northland Power had a negative net margin of 5.52% and a negative return on equity of 3.45%.

Northland Power Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 3.1%. Northland Power’s payout ratio is presently -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.