Northland Power Inc. (TSE:NPI) Receives Average Recommendation of “Hold” from Brokerages

Northland Power Inc. (TSE:NPI) has earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$24.80.

Several equities analysts have commented on the company. Raymond James Financial raised their target price on shares of Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets upped their price target on Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. TD raised their price objective on Northland Power from C$24.00 to C$25.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce lifted their price objective on Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, March 27th. Finally, Desjardins dropped their target price on Northland Power from C$24.00 to C$23.00 and set a “hold” rating on the stock in a report on Friday, May 15th.

Northland Power Stock Up 0.5%

Shares of TSE NPI opened at C$22.81 on Thursday. Northland Power has a 52 week low of C$15.96 and a 52 week high of C$25.99. The company has a market cap of C$5.96 billion, a price-to-earnings ratio of -40.02, a PEG ratio of 0.71 and a beta of 0.81. The company has a quick ratio of 1.23, a current ratio of 1.16 and a debt-to-equity ratio of 168.64. The firm’s fifty day moving average is C$23.09 and its 200 day moving average is C$20.98.

Northland Power (TSE:NPI) last issued its quarterly earnings data on Thursday, May 14th. The solar energy provider reported C$0.33 EPS for the quarter. The business had revenue of C$776.97 million during the quarter. Northland Power had a negative net margin of 5.52% and a negative return on equity of 3.45%.

Northland Power Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.2%. Northland Power’s payout ratio is -182.46%.

Northland Power Company Profile

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.