Analysts Set Northland Power Inc. (TSE:NPI) Target Price at C$32.21

Northland Power Inc. (TSE:NPI) has received an average recommendation of “Buy” from the ten analysts that are presently covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$32.21.

NPI has been the subject of several recent research reports. Raymond James reduced their price objective on Northland Power from C$35.00 to C$32.00 and set a “strong-buy” rating for the company in a research report on Friday, February 23rd. National Bankshares increased their target price on Northland Power from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. CIBC reduced their target price on Northland Power from C$32.00 to C$30.00 and set an “outperform” rating on the stock in a report on Friday, February 23rd. Finally, BMO Capital Markets cut their price objective on Northland Power from C$31.00 to C$30.00 and set an “outperform” rating on the stock in a report on Thursday, February 22nd.

Northland Power Trading Down 1.1 %

NPI stock opened at C$21.04 on Friday. The company has a market cap of C$5.38 billion, a P/E ratio of -29.22, a PEG ratio of 0.71 and a beta of 0.45. Northland Power has a twelve month low of C$19.36 and a twelve month high of C$34.14. The company has a quick ratio of 1.23, a current ratio of 1.13 and a debt-to-equity ratio of 165.58. The business has a fifty day moving average of C$22.83 and a 200-day moving average of C$22.82.

Northland Power (TSE:NPI) last released its quarterly earnings data on Wednesday, February 21st. The solar energy provider reported C($0.49) EPS for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.92). The company had revenue of C$626.22 million during the quarter, compared to the consensus estimate of C$614.15 million. Northland Power had a negative net margin of 7.85% and a negative return on equity of 2.09%. As a group, equities research analysts expect that Northland Power will post 1.1793651 EPS for the current year.

Northland Power Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.70%. The ex-dividend date is Monday, April 29th. Northland Power’s dividend payout ratio (DPR) is presently -166.67%.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.