Northland Power Inc. (TSE:NPI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Northland Power Inc. (TSE:NPI) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$30.38.

Separately, National Bankshares boosted their price objective on shares of Northland Power from C$34.00 to C$35.00 in a research note on Thursday, July 11th.

Northland Power Trading Down 0.8 %

Northland Power stock opened at C$21.33 on Friday. Northland Power has a one year low of C$19.36 and a one year high of C$25.36. The company’s fifty day moving average price is C$22.20 and its two-hundred day moving average price is C$22.68. The company has a market capitalization of C$5.50 billion, a price-to-earnings ratio of 88.88, a PEG ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23.

Northland Power (TSE:NPI) last issued its quarterly earnings data on Wednesday, August 14th. The solar energy provider reported C$0.25 EPS for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.08. Northland Power had a return on equity of 3.95% and a net margin of 2.98%. The business had revenue of C$528.97 million for the quarter, compared to analyst estimates of C$526.10 million.

Northland Power Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.20 dividend on an annualized basis and a yield of 5.63%. Northland Power’s payout ratio is presently 500.00%.

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.