Northland Power (TSE:NPI) Price Target Raised to C$23.00 at CIBC

Northland Power (TSE:NPI) had its price objective upped by CIBC from C$22.00 to C$23.00 in a research note released on Wednesday,BayStreet.CA reports.

Other analysts have also recently issued reports about the stock. ATB Capital reduced their target price on shares of Northland Power from C$26.00 to C$23.00 in a research note on Friday, November 21st. Desjardins lowered shares of Northland Power from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 13th. National Bankshares cut their price target on shares of Northland Power from C$27.00 to C$25.00 in a report on Friday, November 21st. Raymond James Financial decreased their price objective on shares of Northland Power from C$25.00 to C$23.00 in a report on Monday, November 24th. Finally, Scotiabank cut their target price on Northland Power from C$24.00 to C$23.00 in a report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$23.28.

Northland Power Price Performance

NPI opened at C$16.94 on Wednesday. The stock has a fifty day moving average price of C$21.21 and a 200 day moving average price of C$21.98. 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 has a 1 year low of C$15.96 and a 1 year high of C$25.99. The stock has a market cap of C$4.43 billion, a price-to-earnings ratio of -15.54, a PEG ratio of 0.71 and a beta of 0.79.

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

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.