Northland Power (TSE:NPI) Given New C$40.00 Price Target at National Bankshares

Northland Power (TSE:NPI – Get Rating) had its price target decreased by National Bankshares from C$44.00 to C$40.00 in a research report released on Tuesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the solar energy provider’s stock.

Other equities analysts also recently issued reports about the company. Scotiabank dropped their target price on Northland Power from C$51.00 to C$49.00 in a research report on Monday, February 6th. CIBC lowered their price objective on shares of Northland Power from C$45.00 to C$43.00 and set an outperform rating on the stock in a research report on Monday, February 27th. Royal Bank of Canada reduced their price objective on shares of Northland Power from C$43.00 to C$41.00 and set a sector perform rating for the company in a research note on Monday, February 27th. BMO Capital Markets cut their price target on Northland Power from C$46.00 to C$45.00 in a report on Friday, February 24th. Finally, CSFB increased their target price on Northland Power from C$48.00 to C$49.00 in a research report on Thursday, December 1st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of C$46.20.

Northland Power Stock Performance

Shares of NPI opened at C$33.69 on Tuesday. The company has a debt-to-equity ratio of 151.01, a quick ratio of 1.23 and a current ratio of 1.23. Northland Power has a one year low of C$32.33 and a one year high of C$47.13. The stock has a 50-day moving average of C$35.49 and a two-hundred day moving average of C$38.68. The stock has a market cap of C$8.45 billion, a P/E ratio of 9.63, a P/E/G ratio of 0.71 and a beta of 0.38.

Northland Power Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, March 30th. Northland Power’s payout ratio is 34.29%.

About Northland Power

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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.