Northland Power Inc. (TSE:NPI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Northland Power Inc. (TSE:NPI) have been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$23.17.

A number of research firms recently issued reports on NPI. Scotiabank lowered their target price on shares of Northland Power from C$24.00 to C$23.00 in a research note on Friday, November 21st. BMO Capital Markets lowered their price target on Northland Power from C$25.00 to C$23.00 in a research report on Friday, November 21st. Desjardins lowered Northland Power from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 13th. TD Securities downgraded Northland Power from a “buy” rating to a “hold” rating and decreased their target price for the company from C$22.00 to C$19.00 in a research note on Friday, November 21st. Finally, National Bankshares lowered their target price on Northland Power from C$27.00 to C$25.00 in a report on Friday, November 21st.

Northland Power Stock Down 0.7%

Shares of NPI stock opened at C$17.79 on Thursday. The stock’s 50 day simple moving average is C$20.09 and its 200 day simple moving average is C$21.81. Northland Power has a twelve month low of C$15.96 and a twelve month high of C$25.99. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. The company has a market capitalization of C$4.65 billion, a price-to-earnings ratio of -16.32, a PEG ratio of 0.71 and a beta of 0.79.

Northland Power (TSE:NPI) last announced its quarterly earnings results on Thursday, November 13th. The solar energy provider reported C($1.58) EPS for the quarter. Northland Power had a negative net margin of 5.92% and a negative return on equity of 3.37%. The company had revenue of C$554.48 million for the quarter.

Insider Activity

In related news, insider Christine Healy bought 30,000 shares of the company’s stock in a transaction that occurred on Thursday, November 27th. The shares were acquired at an average price of C$16.71 per share, with a total value of C$501,300.00. Following the completion of the transaction, the insider owned 30,000 shares of the company’s stock, valued at C$501,300. The trade was a ∞ increase in their position. Insiders have acquired a total of 33,425 shares of company stock valued at $545,461 in the last 90 days. Company insiders own 0.09% of the company’s stock.

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.