Northland Power Inc. (TSE:NPI) Given Average Rating of “Moderate Buy” by Analysts

Northland Power Inc. (TSE:NPI) has received an average rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$27.21.

A number of research firms have issued reports on NPI. Scotiabank lowered their price target on Northland Power from C$28.00 to C$25.00 in a research report on Thursday, January 30th. National Bankshares decreased their target price on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. TD Securities raised their price target on shares of Northland Power from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Friday, February 28th. Cormark decreased their price objective on shares of Northland Power from C$25.00 to C$23.50 in a research note on Thursday, January 30th. Finally, Raymond James dropped their price objective on shares of Northland Power from C$30.00 to C$29.00 in a research report on Friday, February 28th.

Northland Power Stock Down 3.3 %

Shares of TSE NPI opened at C$19.40 on Tuesday. The stock has a market capitalization of C$5.09 billion, a PE ratio of -35.54, a P/E/G ratio of 0.71 and a beta of 0.47. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28. The firm has a fifty day moving average of C$18.25 and a 200-day moving average of C$19.69. Northland Power has a 52-week low of C$16.14 and a 52-week high of C$24.88.

Northland Power Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.19%. Northland Power’s payout ratio is currently -219.84%.

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.