Northland Power (TSE:NPI) Price Target Raised to C$35.00

Northland Power (TSE:NPI) had its price target increased by National Bankshares from C$34.00 to C$35.00 in a report released on Thursday, BayStreet.CA reports.

Other research analysts have also issued research reports about the company. Desjardins upped their price objective on Northland Power from C$27.00 to C$29.00 and gave the stock a buy rating in a report on Thursday, June 6th. CIBC increased their price target on shares of Northland Power from C$30.00 to C$31.00 and gave the company an outperform rating in a report on Wednesday, June 12th. Raymond James downgraded shares of Northland Power from a strong-buy rating to an outperform rating and decreased their price objective for the stock from C$32.00 to C$30.00 in a report on Thursday, April 25th. TD Securities increased their target price on shares of Northland Power from C$27.00 to C$28.00 and gave the company a buy rating in a report on Friday, May 17th. Finally, Scotiabank raised their price objective on Northland Power from C$27.00 to C$28.00 and gave the company a sector perform rating in a research note on Wednesday, June 12th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Northland Power has a consensus rating of Moderate Buy and an average target price of C$31.50.

Northland Power Stock Up 0.8 %

Shares of TSE:NPI opened at C$24.65 on Thursday. Northland Power has a fifty-two week low of C$19.36 and a fifty-two week high of C$27.53. The company has a quick ratio of 1.23, a current ratio of 1.16 and a debt-to-equity ratio of 164.02. The firm’s 50-day simple moving average is C$23.53 and its 200-day simple moving average is C$23.29. The company has a market cap of C$6.32 billion, a price-to-earnings ratio of -35.21, a PEG ratio of 0.71 and a beta of 0.44.

Northland Power (TSE:NPI) last announced its quarterly earnings data on Wednesday, May 15th. The solar energy provider reported C$0.29 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.55 by C($0.26). Northland Power had a negative net margin of 7.16% and a negative return on equity of 1.15%. The business had revenue of C$754.92 million during the quarter, compared to analysts’ expectations of C$684.27 million. As a group, equities research analysts predict that Northland Power will post 1.3008658 earnings per share for the current year.

Northland Power Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 15th will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend is Friday, June 28th. Northland Power’s dividend payout ratio is presently -171.43%.

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.