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

Northland Power Inc. (TSE:NPI) has earned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$24.80.

Several equities analysts have recently commented on NPI shares. Scotia boosted their target price on shares of Northland Power from C$23.00 to C$25.00 and gave the company a “sector perform” rating in a research report on Friday, May 15th. National Bank Financial increased their price target 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. Desjardins decreased their price objective on shares of Northland Power from C$24.00 to C$23.00 and set a “hold” rating on the stock in a research note on Friday, May 15th. TD boosted their price objective on shares of Northland Power from C$24.00 to C$25.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce upped their target price on Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, March 27th.

Northland Power Price Performance

Shares of TSE NPI opened at C$21.75 on Monday. The company has a debt-to-equity ratio of 168.64, a quick ratio of 1.23 and a current ratio of 1.16. Northland Power has a 52 week low of C$15.96 and a 52 week high of C$25.99. The stock has a market capitalization of C$5.69 billion, a P/E ratio of -38.16, a PEG ratio of 0.71 and a beta of 0.86. The stock’s fifty day moving average is C$22.62 and its 200 day moving average is C$21.59.

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

Northland Power Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. Northland Power’s 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.