Shares of Northland Power Inc. (TSE:NPI – Get Free Report) have received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$24.90.
Several research firms recently issued reports on NPI. TD raised Northland Power from a “hold” rating to a “buy” rating and set a C$25.00 target price on the stock in a research note on Friday, August 14th. TD Securities upgraded Northland Power from a “hold” rating to a “strong-buy” rating in a report on Friday, August 14th. Desjardins lowered their price target on Northland Power from C$23.00 to C$22.00 and set a “hold” rating for the company in a research report on Wednesday, July 22nd. Finally, ATB Cormark Capital Markets upped their price target on Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, August 14th.
View Our Latest Report on Northland Power
Northland Power Price Performance
Shares of Northland Power stock opened at C$22.00 on Wednesday. The firm has a market cap of C$5.75 billion, a PE ratio of -39.29, a price-to-earnings-growth ratio of 0.71 and a beta of 0.59. Northland Power has a 12-month low of C$15.96 and a 12-month 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 company’s fifty day simple moving average is C$21.71 and its two-hundred day simple moving average is C$21.74.
Northland Power (TSE:NPI – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The solar energy provider reported C($0.24) earnings per share (EPS) for the quarter. The firm 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%.
Northland Power Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.72 annualized dividend and a dividend yield of 3.3%. Northland Power’s payout ratio is -164.29%.
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.
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