Northland Power Inc. (TSE:NPI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Northland Power Inc. (TSE:NPI) has received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$23.39.

A number of research analysts have recently commented on NPI shares. BMO Capital Markets lowered their target price on shares of Northland Power from C$25.00 to C$23.00 in a research note on Friday, November 21st. Raymond James Financial decreased their price target on shares of Northland Power from C$25.00 to C$23.00 in a report on Monday, November 24th. ATB Capital dropped their price objective on Northland Power from C$26.00 to C$23.00 in a research note on Friday, November 21st. TD Securities cut Northland Power from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$22.00 to C$19.00 in a research report on Friday, November 21st. Finally, Scotiabank lowered their target price on Northland Power from C$24.00 to C$23.00 in a report on Friday, November 21st.

Northland Power Price Performance

TSE NPI opened at C$17.39 on Friday. The firm has a market capitalization of C$4.55 billion, a price-to-earnings ratio of -15.95, a price-to-earnings-growth ratio of 0.71 and a beta of 0.87. 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 company has a 50 day simple moving average of C$22.85 and a 200-day simple moving average of C$22.28. Northland Power has a 52-week low of C$15.96 and a 52-week high of C$25.99.

Northland Power (TSE:NPI) last announced its quarterly earnings results on Thursday, November 13th. The solar energy provider reported C($1.58) EPS for the quarter. The firm had revenue of C$554.48 million during the quarter. Northland Power had a negative net margin of 5.92% and a negative return on equity of 3.37%.

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.