Northland Power Inc. (TSE:NPI) Receives C$27.08 Average PT from Brokerages

Shares of Northland Power Inc. (TSE:NPI) have earned a consensus recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$27.08.

Several research firms recently commented on NPI. TD Securities increased their price objective on Northland Power from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Friday, February 28th. National Bank Financial upgraded Northland Power to a “strong-buy” rating in a report on Sunday. Raymond James decreased their price objective on Northland Power from C$30.00 to C$29.00 in a research note on Friday, February 28th. National Bankshares dropped their price objective on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Finally, Cormark cut Northland Power from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 15th.

Northland Power Trading Up 1.1%

TSE NPI opened at C$21.16 on Friday. The company has a fifty day simple moving average of C$19.41 and a two-hundred day simple moving average of C$18.88. The stock has a market cap of C$5.55 billion, a P/E ratio of -38.77, a P/E/G 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. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28.

Northland Power Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.20 annualized dividend and a yield of 5.67%. Northland Power’s dividend payout ratio is presently -219.84%.

Northland Power Company Profile

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.