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

Northland Power Inc. (TSE:NPI) has received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$23.63.

NPI has been the subject of a number of recent analyst reports. Raymond James Financial cut their price target on shares of Northland Power from C$25.00 to C$23.00 in a research note on Monday, November 24th. National Bank Financial dropped their target price on shares of Northland Power from C$27.00 to C$25.00 in a report on Friday, November 21st. Canadian Imperial Bank of Commerce raised their target price on shares of Northland Power from C$22.00 to C$23.00 in a research note on Wednesday, December 17th. ATB Cormark Capital Markets reduced their price target on Northland Power from C$23.00 to C$22.00 and set an “outperform” rating for the company in a report on Tuesday, December 23rd. Finally, TD Securities boosted their price target on Northland Power from C$21.00 to C$23.00 and gave the stock a “hold” rating in a research report on Friday, February 27th.

Northland Power Stock Performance

Shares of TSE NPI opened at C$21.42 on Tuesday. The company has a debt-to-equity ratio of 176.80, a quick ratio of 1.23 and a current ratio of 1.07. The stock has a 50 day moving average price of C$19.68 and a 200 day moving average price of C$20.75. The stock has a market capitalization of C$5.60 billion, a PE ratio of -32.95, a price-to-earnings-growth ratio of 0.71 and a beta of 1.09. Northland Power has a 52 week low of C$15.96 and a 52 week high of C$25.99.

Northland Power (TSE:NPI) last announced its quarterly earnings data on Wednesday, February 25th. The solar energy provider reported C$0.93 earnings per share (EPS) for the quarter. The company had revenue of C$725.26 million for the quarter. Northland Power had a negative return on equity of 3.92% and a negative net margin of 6.69%.

About Northland Power

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.