Brokerages Set Northland Power Inc. (TSE:NPI) PT at C$32.71

Northland Power Inc. (TSE:NPIGet Free Report) has earned a consensus rating of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$32.71.

Several equities analysts have recently issued reports on the company. TD Securities lowered their price target on Northland Power from C$29.00 to C$27.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. National Bankshares increased their target price on shares of Northland Power from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. BMO Capital Markets decreased their price target on shares of Northland Power from C$34.00 to C$31.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Raymond James lowered their price objective on shares of Northland Power from C$43.00 to C$35.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 26th. Finally, Desjardins cut their target price on shares of Northland Power from C$30.00 to C$29.00 and set a “buy” rating on the stock in a research report on Tuesday, December 12th.

Check Out Our Latest Report on NPI

Northland Power Stock Down 0.2 %

Shares of NPI opened at C$24.74 on Monday. The company has a current ratio of 0.91, a quick ratio of 1.23 and a debt-to-equity ratio of 167.47. Northland Power has a 12 month low of C$19.36 and a 12 month high of C$36.00. The firm’s 50 day moving average is C$23.75 and its 200-day moving average is C$23.51. The stock has a market capitalization of C$6.29 billion, a PE ratio of 15.86, a P/E/G ratio of 0.71 and a beta of 0.50.

Northland Power (TSE:NPIGet Free Report) last released its earnings results on Thursday, November 9th. The solar energy provider reported C$0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.13 by C$0.01. The company had revenue of C$513.29 million for the quarter, compared to analyst estimates of C$491.40 million. Northland Power had a return on equity of 10.85% and a net margin of 17.32%. Equities research analysts forecast that Northland Power will post 1.2333333 EPS for the current year.

Northland Power Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is Tuesday, January 30th. Northland Power’s dividend payout ratio (DPR) is currently 76.92%.

Northland Power Company Profile

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Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in North America, Europe, Latin America, and Asia. The company produces electricity from renewable resources, such as wind, solar, or hydropower, as well as clean-burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

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Analyst Recommendations for Northland Power (TSE:NPI)

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