ATB Cormark Capital Markets Issues Positive Forecast for Northland Power (TSE:NPI) Stock Price

Northland Power (TSE:NPI) had its price target increased by ATB Cormark Capital Markets from C$24.00 to C$26.00 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the solar energy provider’s stock.

NPI has been the topic of a number of other reports. Scotia lifted their target price on shares of Northland Power from C$23.00 to C$25.00 and gave the stock a “sector perform” rating in a research note on Friday. Canadian Imperial Bank of Commerce lifted their target price on shares of 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. Desjardins reduced their target price 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. TD Securities lifted their price target on shares of Northland Power from C$21.00 to C$23.00 and gave the company a “hold” rating in a research report on Friday, February 27th. Finally, Raymond James Financial lifted their price target on shares of Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a research report on Friday. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$24.80.

Northland Power Price Performance

Shares of NPI stock opened at C$22.98 on Friday. 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 firm’s 50-day moving average is C$22.87 and its two-hundred day moving average is C$20.66. Northland Power has a 12 month low of C$15.96 and a 12 month high of C$25.99. The company has a market capitalization of C$6.01 billion, a PE ratio of -40.32, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90.

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

Northland Power Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were given a dividend of $0.06 per share. The ex-dividend date was 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 currently -182.46%.

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.