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

Shares of Northland Power Inc. (TSE:NPI) have been assigned an average recommendation of “Buy” from the ten ratings firms that are covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$32.13.

A number of equities research analysts have issued reports on NPI shares. Raymond James decreased their target price on Northland Power from C$35.00 to C$32.00 and set a “strong-buy” rating for the company in a research report on Friday, February 23rd. CIBC decreased their price objective on shares of Northland Power from C$30.00 to C$29.00 and set an “outperform” rating for the company in a report on Friday. BMO Capital Markets dropped their target price on shares of Northland Power from C$31.00 to C$30.00 and set an “outperform” rating on the stock in a report on Thursday, February 22nd. Finally, National Bankshares boosted 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 research report on Tuesday, January 9th.

Northland Power Trading Down 1.2 %

Northland Power stock opened at C$20.74 on Friday. Northland Power has a one year low of C$19.36 and a one year high of C$34.14. The company’s fifty day moving average price is C$22.72 and its two-hundred day moving average price is C$22.80. The company has a debt-to-equity ratio of 165.58, a current ratio of 1.13 and a quick ratio of 1.23. The company has a market capitalization of C$5.30 billion, a price-to-earnings ratio of -28.81, a PEG ratio of 0.71 and a beta of 0.45.

Northland Power (TSE:NPI) last released its quarterly earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.43 by C($0.92). Northland Power had a negative return on equity of 2.09% and a negative net margin of 7.85%. The company had revenue of C$626.22 million for the quarter, compared to the consensus estimate of C$614.15 million. On average, analysts forecast that Northland Power will post 1.1793651 earnings per share for the current fiscal year.

Northland Power Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.20 annualized dividend and a yield of 5.79%. Northland Power’s dividend payout ratio is -166.67%.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.