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

Northland Power Inc. (TSE:NPI) has earned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$23.17.

A number of equities analysts have weighed in on the company. National Bankshares decreased their target price on Northland Power from C$27.00 to C$25.00 in a research 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. Scotiabank dropped their target price on shares of Northland Power from C$24.00 to C$23.00 in a report on Friday, November 21st. ATB Capital decreased their target price on shares of Northland Power from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Tuesday, December 23rd. Finally, Desjardins downgraded Northland Power from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 13th.

Insider Activity at Northland Power

In related news, insider Christine Healy bought 30,000 shares of the stock in a transaction that occurred on Thursday, November 27th. The shares were bought at an average cost of C$16.71 per share, for a total transaction of C$501,300.00. Following the completion of the transaction, the insider owned 30,000 shares of the company’s stock, valued at approximately C$501,300. This trade represents a ∞ increase in their ownership of the stock. Over the last ninety days, insiders have bought 33,425 shares of company stock worth $545,461. 0.09% of the stock is owned by corporate insiders.

Northland Power Trading Up 0.5%

Shares of TSE NPI opened at C$19.17 on Monday. The firm’s 50 day moving average price is C$18.13 and its 200-day moving average price is C$21.48. Northland Power has a 52-week low of C$15.96 and a 52-week high of C$25.99. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. The company has a market cap of C$5.01 billion, a PE ratio of -17.59, a P/E/G ratio of 0.71 and a beta of 0.81.

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

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. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.