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

Shares of Northland Power Inc. (TSE:NPI) have received an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$23.63.

A number of equities analysts recently weighed in on NPI shares. TD Securities lifted their price target on Northland Power from C$21.00 to C$23.00 and gave the stock a “hold” rating in a research note on Friday, February 27th. Raymond James Financial decreased their target price on shares of Northland Power from C$25.00 to C$23.00 in a report on Monday, November 24th. 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 report on Wednesday, December 17th. BMO Capital Markets reduced their price target on shares of Northland Power from C$25.00 to C$23.00 in a research report on Friday, November 21st. Finally, ATB Cormark Capital Markets lowered their price objective on shares of Northland Power from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 23rd.

Northland Power Stock Down 0.2%

TSE NPI opened at C$21.21 on Tuesday. Northland Power has a 12 month low of C$15.96 and a 12 month high of C$25.99. The company has a market capitalization of C$5.55 billion, a P/E ratio of -32.63, a PEG ratio of 0.71 and a beta of 1.09. The company’s 50 day simple moving average is C$19.40 and its 200 day simple moving average is C$20.77. The company has a debt-to-equity ratio of 176.80, a current ratio of 1.07 and a quick ratio of 1.23.

Northland Power (TSE:NPI) last posted its quarterly earnings results on Wednesday, February 25th. The solar energy provider reported C$0.93 earnings per share (EPS) for the quarter. The firm had revenue of C$725.26 million for the quarter. Northland Power had a negative net margin of 6.69% and a negative return on equity of 3.92%.

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