Northland Power (TSE:NPI) Price Target Lowered to C$22.00 at Desjardins

Northland Power (TSE:NPI) had its price target decreased by Desjardins from C$23.00 to C$22.00 in a research report released on Wednesday,BayStreet.CA reports. Desjardins currently has a hold rating on the solar energy provider’s stock.

Several other research firms also recently issued reports on NPI. ATB Cormark Capital Markets upped their price objective on Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. National Bank Financial lifted their target price on shares of Northland Power from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. TD boosted their target price on shares of Northland Power from C$24.00 to C$25.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Raymond James Financial upped their price target on shares of Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, Scotia raised their price target on shares of Northland Power from C$23.00 to C$25.00 and gave the company a “sector perform” rating in a research note on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$24.70.

Northland Power Trading Up 0.1%

Shares of NPI stock opened at C$21.87 on Wednesday. Northland Power has a twelve month low of C$15.96 and a twelve month high of C$25.99. The stock’s fifty day simple moving average is C$22.53 and its 200 day simple moving average is C$21.67. The company has a quick ratio of 1.23, a current ratio of 1.16 and a debt-to-equity ratio of 168.64. The firm has a market capitalization of C$5.72 billion, a P/E ratio of -38.37, a P/E/G ratio of 0.71 and a beta of 0.86.

Northland Power (TSE:NPI) last posted its earnings results on Thursday, May 14th. The solar energy provider reported C$0.33 EPS for the quarter. Northland Power had a negative return on equity of 3.45% and a negative net margin of 5.52%.The firm had revenue of C$776.97 million during the quarter.

Northland Power Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.3%. Northland Power’s dividend payout ratio is presently -182.46%.

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.