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

Shares of Northland Power Inc. (TSE:NPI) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$23.13.

A number of brokerages have recently commented on NPI. Canadian Imperial Bank of Commerce upped their price target on Northland Power from C$22.00 to C$23.00 in a report on Wednesday, December 17th. ATB Capital cut 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. TD Securities downgraded shares of Northland Power from a “buy” rating to a “hold” rating and reduced their price target for the company from C$22.00 to C$19.00 in a report on Friday, November 21st. Desjardins lowered shares of Northland Power from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, National Bank Financial dropped their price objective on shares of Northland Power from C$27.00 to C$25.00 in a report on Friday, November 21st.

Insiders Place Their Bets

In other Northland Power news, insider Christine Healy purchased 30,000 shares of the stock in a transaction on Thursday, November 27th. The shares were purchased at an average price of C$16.71 per share, with a total value of C$501,300.00. Following the acquisition, the insider directly owned 30,000 shares of the company’s stock, valued at C$501,300. This represents a ∞ increase in their position. Insiders have acquired a total of 33,425 shares of company stock worth $545,461 in the last 90 days. 0.09% of the stock is owned by insiders.

Northland Power Stock Down 1.8%

Shares of NPI stock opened at C$19.23 on Friday. The stock’s 50 day simple moving average is C$18.33 and its 200 day simple moving average is C$20.99. Northland Power has a twelve month low of C$15.96 and a twelve month 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 capitalization of C$5.03 billion, a price-to-earnings ratio of -17.64, a PEG ratio of 0.71 and a beta of 0.96.

Northland Power (TSE:NPI) last posted its earnings results on Thursday, November 13th. The solar energy provider reported C($1.58) earnings per share (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%.

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