Northland Power Inc. (TSE:NPI) Receives C$24.70 Consensus PT from Analysts

Shares of Northland Power Inc. (TSE:NPI) have been assigned an average rating of “Hold” from the ten analysts that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$24.70.

Several equities research analysts recently weighed in on NPI shares. Raymond James Financial upped their price objective on shares of Northland Power from C$25.50 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. ATB Cormark Capital Markets boosted their price target on shares of Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Desjardins reduced their price target on shares of Northland Power from C$23.00 to C$22.00 and set a “hold” rating for the company in a research note on Wednesday, July 22nd. TD raised their price objective on shares of Northland Power from C$24.00 to C$25.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Finally, Scotia boosted their target price on Northland Power from C$23.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Friday, May 15th.

Northland Power Stock Down 3.7%

Shares of Northland Power stock opened at C$20.84 on Friday. The company has a debt-to-equity ratio of 168.64, a current ratio of 1.16 and a quick ratio of 1.23. Northland Power has a 1-year low of C$15.96 and a 1-year high of C$25.99. The business’s fifty day moving average price is C$22.02 and its two-hundred day moving average price is C$22.00. The company has a market capitalization of C$5.45 billion, a P/E ratio of -36.56, a PEG ratio of 0.71 and a beta of 0.88.

Northland Power (TSE:NPI) last released its quarterly earnings results on Thursday, August 13th. The solar energy provider reported C($0.24) earnings per share (EPS) for the quarter. The business had revenue of C$2.35 million during the quarter. Northland Power had a negative return on equity of 3.45% and a negative net margin of 5.52%.

Northland Power Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a dividend of $0.06 per share. The ex-dividend date was Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.5%. Northland Power’s dividend payout ratio (DPR) is -182.46%.

About Northland Power

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.