Northland Power Inc. (TSE:NPI – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$31.42.
NPI has been the subject of several analyst reports. TD Securities lifted their price target on shares of Northland Power from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. National Bankshares increased their price target on Northland Power from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research note on Tuesday, May 28th. Desjardins increased their target price on Northland Power from C$27.00 to C$29.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. CIBC lifted their price objective on shares of Northland Power from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Finally, Scotiabank boosted their target price 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.
Check Out Our Latest Analysis on Northland Power
Northland Power Trading Down 1.5 %
Northland Power (TSE:NPI – Get Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The solar energy provider reported C$0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.55 by C($0.26). The firm had revenue of C$754.92 million for the quarter, compared to analyst estimates of C$684.27 million. Northland Power had a negative net margin of 7.16% and a negative return on equity of 1.15%. As a group, equities analysts anticipate that Northland Power will post 1.3008658 earnings per share for the current fiscal year.
Northland Power Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.10%. Northland Power’s dividend payout ratio (DPR) 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.
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