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

Shares of Northland Power Inc. (TSE:NPI) have earned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$23.63.

A number of brokerages have issued reports on NPI. TD Securities lifted their price objective on Northland Power from C$21.00 to C$23.00 and gave the company a “hold” rating in a research note on Friday, February 27th. Canadian Imperial Bank of Commerce lifted 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, March 27th. Finally, Desjardins lifted their price objective on Northland Power from C$23.00 to C$24.00 and gave the company a “hold” rating in a research note on Friday, May 1st.

Northland Power Stock Up 0.4%

Shares of TSE:NPI opened at C$23.20 on Wednesday. The stock has a fifty day simple moving average of C$22.52 and a two-hundred day simple moving average of C$20.73. The stock has a market capitalization of C$6.07 billion, a price-to-earnings ratio of -35.69, a PEG ratio of 0.71 and a beta of 0.90. Northland Power has a 12-month low of C$15.96 and a 12-month high of C$25.99. The company has a current ratio of 1.07, a quick ratio of 1.23 and a debt-to-equity ratio of 176.80.

Northland Power (TSE:NPI) last announced its quarterly earnings data on Thursday, February 26th. The solar energy provider reported C$0.93 earnings per share (EPS) for the quarter. The business 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%.

Northland Power Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. Northland Power’s dividend payout ratio (DPR) is presently -178.46%.

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.