Brokerages Set Northland Power Inc. (TSE:NPI) PT at C$24.00

Northland Power Inc. (TSE:NPI) has been assigned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$24.00.

Several research firms have recently issued reports on NPI. Canadian Imperial Bank of Commerce upped their price target 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. TD Securities upped 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. Finally, ATB Cormark Capital Markets decreased their price target on Northland Power from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Tuesday, December 23rd.

Northland Power Stock Performance

NPI opened at C$24.20 on Friday. The company has a market cap of C$6.33 billion, a PE ratio of -37.23, a price-to-earnings-growth ratio of 0.71 and a beta of 0.78. The stock has a 50-day moving average of C$21.21 and a 200-day moving average of C$20.82. Northland Power has a 52-week low of C$15.96 and a 52-week high of C$25.99. The company has a debt-to-equity ratio of 176.80, a quick ratio of 1.23 and a current ratio of 1.07.

Northland Power (TSE:NPI) last released its quarterly earnings results on Thursday, February 26th. The solar energy provider reported C$0.93 earnings per share (EPS) for the quarter. The company had revenue of C$725.26 million during the quarter. Northland Power had a negative return on equity of 3.92% and a negative net margin of 6.69%.

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.