Northland Power Inc. (TSE:NPI) Receives C$27.21 Consensus PT from Analysts

Shares of Northland Power Inc. (TSE:NPI) have been given an average recommendation of “Buy” by the six brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$27.21.

NPI has been the subject of several analyst reports. CIBC reduced their price objective on shares of Northland Power from C$29.00 to C$28.00 in a research note on Friday, February 28th. Raymond James lowered their target price on shares of Northland Power from C$30.00 to C$29.00 in a report on Friday, February 28th. TD Securities upped their target price on shares of Northland Power from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Cormark downgraded shares of Northland Power from a “moderate buy” rating to a “hold” rating in a research report on Thursday. Finally, Scotiabank upgraded shares of Northland Power from a “hold” rating to a “strong-buy” rating in a research report on Thursday.

Northland Power Trading Down 0.1%

Northland Power stock opened at C$20.69 on Wednesday. The firm has a 50 day simple moving average of C$19.07 and a 200-day simple moving average of C$18.89. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23. The stock has a market capitalization of C$5.43 billion, a PE ratio of -37.90, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. Northland Power has a 12-month low of C$16.14 and a 12-month high of C$24.88.

Northland Power Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend was Monday, March 31st. Northland Power’s dividend payout ratio is -219.84%.

About Northland Power

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.