Northland Power Inc. (TSE:NPI) Receives Average Rating of “Buy” from Analysts

Shares of Northland Power Inc. (TSE:NPI) have been assigned an average recommendation of “Buy” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$33.96.

A number of analysts recently commented on NPI shares. Desjardins dropped their price target on Northland Power from C$33.00 to C$30.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. CIBC decreased their target price on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating for the company in a research report on Monday, October 2nd. Royal Bank of Canada decreased their target price on Northland Power from C$31.00 to C$28.00 and set an “outperform” rating for the company in a research report on Tuesday, October 3rd. National Bankshares decreased their target price on Northland Power from C$32.00 to C$30.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Raymond James decreased their target price on Northland Power from C$43.00 to C$35.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 26th.

Northland Power Stock Performance

Shares of Northland Power stock opened at C$21.92 on Wednesday. The business’s fifty day simple moving average is C$22.09 and its 200 day simple moving average is C$25.55. The firm has a market capitalization of C$5.55 billion, a P/E ratio of 12.67, a price-to-earnings-growth ratio of 0.71 and a beta of 0.43. Northland Power has a 12 month low of C$19.36 and a 12 month high of C$40.40. The company has a current ratio of 1.13, a quick ratio of 1.23 and a debt-to-equity ratio of 156.82.

Northland Power Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 5.47%. The ex-dividend date is Monday, October 30th. Northland Power’s dividend payout ratio (DPR) is currently 69.36%.

About Northland Power

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.