Northland Power (TSE:NPI) Price Target Cut to C$44.00

Northland Power (TSE:NPIGet Rating) had its price target reduced by investment analysts at National Bankshares from C$45.00 to C$44.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the solar energy provider’s stock. National Bankshares’ price target would suggest a potential upside of 14.73% from the company’s previous close.

NPI has been the topic of a number of other reports. ATB Capital decreased their price objective on Northland Power from C$52.00 to C$50.00 and set an “outperform” rating on the stock in a report on Wednesday, February 9th. CSFB upped their price objective on Northland Power from C$50.00 to C$51.00 in a report on Wednesday, April 20th. BMO Capital Markets raised Northland Power to a “buy” rating and decreased their price objective for the company from C$44.00 to C$41.00 in a report on Monday, January 17th. CIBC upped their price objective on Northland Power from C$43.00 to C$44.00 and gave the company an “outperform” rating in a report on Thursday, April 21st. Finally, Tudor Pickering & Holt set a C$43.00 price objective on Northland Power and gave the company a “buy” rating in a report on Thursday, February 10th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$46.63.

NPI stock opened at C$38.35 on Thursday. 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 firm has a market capitalization of C$8.88 billion and a PE ratio of 46.94. Northland Power has a 1-year low of C$34.95 and a 1-year high of C$44.11. The business’s 50 day simple moving average is C$40.45 and its 200 day simple moving average is C$38.64.

Northland Power (TSE:NPIGet Rating) last posted its earnings results on Thursday, February 24th. The solar energy provider reported C$0.27 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.04). The company had revenue of C$640.09 million during the quarter, compared to analyst estimates of C$557.00 million. As a group, sell-side analysts predict that Northland Power will post 1.5 EPS for the current fiscal year.

Northland Power Company Profile (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.

Further Reading

Analyst Recommendations for Northland Power (TSE:NPI)

Receive News & Ratings for Northland Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northland Power and related companies with MarketBeat.com's FREE daily email newsletter.