Northland Power (TSE:NPI) PT Raised to C$45.00

Northland Power (TSE:NPI – Get Rating) had its target price raised by National Bankshares from C$44.00 to C$45.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the solar energy provider’s stock.

Other equities research analysts have also recently issued reports about the company. Raymond James set a C$50.00 price objective on Northland Power and gave the stock an outperform rating in a research note on Monday, February 28th. BMO Capital Markets raised Northland Power to a buy rating and cut their target price for the company from C$44.00 to C$41.00 in a research report on Monday, January 17th. Tudor Pickering & Holt set a C$43.00 target price on Northland Power and gave the company a buy rating in a research report on Thursday, February 10th. Tudor Pickering reissued a buy rating and set a C$43.00 target price on shares of Northland Power in a research report on Thursday, February 10th. Finally, CIBC boosted their target price on Northland Power from C$42.00 to C$43.00 and gave the company an outperform rating in a research report on Monday, February 28th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Northland Power currently has an average rating of Buy and a consensus target price of C$46.79.

Shares of NPI stock opened at C$40.01 on Thursday. Northland Power has a 12-month low of C$34.95 and a 12-month high of C$44.20. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 276.77. The stock’s 50-day moving average price is C$39.89 and its 200-day moving average price is C$38.82. The stock has a market capitalization of C$9.08 billion and a price-to-earnings ratio of 48.97.

Northland Power (TSE:NPI – Get Rating) last issued its earnings results on Thursday, February 24th. The solar energy provider reported C$0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.31 by C($0.04). The firm had revenue of C$640.09 million during the quarter, compared to analysts’ expectations of C$557.00 million. As a group, research analysts predict that Northland Power will post 1.5045022 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 18th. Investors of record on Monday, April 18th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Wednesday, March 30th. Northland Power’s dividend payout ratio (DPR) is currently 110.16%.

About Northland Power (Get Rating)

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in North America, Europe, Latin America, and Asia. The company produces electricity from renewable resources, such as wind, solar, or hydropower, as well as clean-burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

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