Northland Power Inc. (TSE:NPI) Stock Has Average Price Target of C$24.90 According to Brokerages

Northland Power Inc. (TSE:NPI) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$24.90.

Several brokerages recently issued reports on NPI. ATB Cormark Capital Markets upped their price objective on shares of Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Desjardins decreased their target price on shares of Northland Power from C$23.00 to C$22.00 and set a “hold” rating on the stock in a research note on Wednesday, July 22nd. TD Securities upgraded Northland Power from a “hold” rating to a “strong-buy” rating in a report on Friday, August 14th. Finally, TD upgraded Northland Power from a “hold” rating to a “buy” rating and set a C$25.00 target price on the stock in a report on Friday, August 14th.

Northland Power Trading Down 0.1%

Shares of NPI opened at C$22.61 on Friday. Northland Power has a 52-week low of C$15.96 and a 52-week high of C$25.99. The company has a quick ratio of 1.23, a current ratio of 1.04 and a debt-to-equity ratio of 164.38. The firm’s fifty day moving average is C$21.50 and its two-hundred day moving average is C$22.34. The stock has a market cap of C$5.91 billion, a PE ratio of -40.37, a price-to-earnings-growth ratio of 0.71 and a beta of 0.87.

Northland Power (TSE:NPI) last issued its earnings results on Thursday, August 13th. The solar energy provider reported C($0.24) EPS for the quarter. The business had revenue of C$512.21 million during the quarter. Northland Power had a negative net margin of 5.48% and a negative return on equity of 3.46%.

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.