Brokerages Set Northland Power Inc. (TSE:NPI) PT at C$24.80

Shares of Northland Power Inc. (TSE:NPI) have received an average recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$24.80.

A number of analysts have recently commented on the company. TD upped their price target on Northland Power from C$24.00 to C$25.00 and gave the company a “hold” rating in a research note on Friday, May 15th. National Bank Financial upped their price target on Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets upped their price target 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. Scotia upped their price target on 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. Finally, Raymond James Financial upped their price target on Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th.

Northland Power Stock Performance

Shares of NPI stock opened at C$22.08 on Thursday. The company has a debt-to-equity ratio of 168.64, a current ratio of 1.16 and a quick ratio of 1.23. The stock has a market cap of C$5.77 billion, a PE ratio of -38.74, a price-to-earnings-growth ratio of 0.71 and a beta of 0.81. The stock has a 50-day moving average of C$23.03 and a 200-day moving average of C$21.05. Northland Power has a one year low of C$15.96 and a one year high of C$25.99.

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

Northland Power Announces Dividend

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

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.