TD Securities Forecasts Strong Price Appreciation for Northland Power (TSE:NPI) Stock

Northland Power (TSE:NPI) had its price target lifted by equities research analysts at TD Securities from C$21.00 to C$23.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the solar energy provider’s stock. TD Securities’ price objective would indicate a potential upside of 5.22% from the stock’s current price.

Other analysts have also recently issued research reports about the company. BMO Capital Markets decreased their target price on Northland Power from C$25.00 to C$23.00 in a research report on Friday, November 21st. Canadian Imperial Bank of Commerce lifted their target price on shares of Northland Power from C$22.00 to C$23.00 in a research note on Wednesday, December 17th. ATB Cormark Capital Markets dropped their price target on shares of Northland Power from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 23rd. Desjardins cut Northland Power from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, National Bank Financial lowered their target price on Northland Power from C$27.00 to C$25.00 in a research note on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.63.

Northland Power Trading Up 0.8%

Shares of NPI stock opened at C$21.86 on Friday. Northland Power has a 1 year low of C$15.96 and a 1 year high of C$25.99. The stock has a fifty day moving average of C$18.97 and a two-hundred day moving average of C$20.80. 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 firm has a market capitalization of C$5.72 billion, a PE ratio of -20.06, a price-to-earnings-growth ratio of 0.71 and a beta of 0.96.

Northland Power (TSE:NPI) last announced its earnings results on Wednesday, February 25th. The solar energy provider reported C$0.93 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 business had revenue of C$725.26 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.