Northland Power Inc. (TSE:NPI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Northland Power Inc. (TSE:NPI) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$23.17.

NPI has been the topic of a number of analyst reports. TD Securities cut shares of Northland Power from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$22.00 to C$19.00 in a research report on Friday, November 21st. BMO Capital Markets cut their target price on Northland Power from C$25.00 to C$23.00 in a research note on Friday, November 21st. Desjardins lowered Northland Power from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 13th. Raymond James Financial dropped their price objective on Northland Power from C$25.00 to C$23.00 in a report on Monday, November 24th. Finally, Scotiabank cut their price objective on Northland Power from C$24.00 to C$23.00 in a research report on Friday, November 21st.

Insider Transactions at Northland Power

In related news, insider Christine Healy acquired 30,000 shares of the firm’s stock in a transaction on Thursday, November 27th. The stock was acquired at an average cost of C$16.71 per share, for a total transaction of C$501,300.00. Following the acquisition, the insider owned 30,000 shares of the company’s stock, valued at C$501,300. This trade represents a ∞ increase in their ownership of the stock. Over the last quarter, insiders have acquired 33,425 shares of company stock worth $545,461. 0.09% of the stock is currently owned by insiders.

Northland Power Price Performance

Shares of Northland Power stock opened at C$19.28 on Monday. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23. Northland Power has a one year low of C$15.96 and a one year high of C$25.99. The business’s 50 day simple moving average is C$17.80 and its two-hundred day simple moving average is C$21.35. The stock has a market capitalization of C$5.04 billion, a P/E ratio of -17.69, a price-to-earnings-growth ratio of 0.71 and a beta of 0.81.

Northland Power (TSE:NPI) last released its quarterly earnings data on Thursday, November 13th. The solar energy provider reported C($1.58) earnings per share for the quarter. Northland Power had a negative net margin of 5.92% and a negative return on equity of 3.37%. The company had revenue of C$554.48 million for the quarter.

Northland Power Company Profile

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.