Northland Power Inc. (TSE:NPI) Receives C$31.00 Average PT from Brokerages

Shares of Northland Power Inc. (TSE:NPI) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$31.00.

A number of research firms have weighed in on NPI. CIBC raised their target price 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. National Bankshares raised their target price on shares of Northland Power from C$34.00 to C$35.00 in a research note on Thursday, July 11th. Scotiabank lifted their price target on shares of Northland Power from C$27.00 to C$28.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 12th. Finally, Desjardins lifted their price target on shares of Northland Power from C$27.00 to C$29.00 and gave the company a “buy” rating in a research report on Thursday, June 6th.

Northland Power Trading Up 1.6 %

NPI opened at C$22.71 on Tuesday. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23. The company’s 50 day simple moving average is C$22.58 and its two-hundred day simple moving average is C$22.73. Northland Power has a 1-year low of C$19.36 and a 1-year high of C$25.36. The firm has a market capitalization of C$5.85 billion, a price-to-earnings ratio of 94.63, a price-to-earnings-growth ratio of 0.71 and a beta of 0.45.

Northland Power (TSE:NPI) last released its earnings results on Wednesday, August 14th. The solar energy provider reported C$0.25 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.08. Northland Power had a net margin of 2.98% and a return on equity of 3.95%. The business had revenue of C$528.97 million for the quarter, compared to analyst estimates of C$526.10 million. Analysts expect that Northland Power will post 1.2402886 EPS for the current fiscal year.

Northland Power Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be paid a $0.10 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.20 annualized dividend and a dividend yield of 5.28%. Northland Power’s dividend payout ratio (DPR) is 500.00%.

About Northland Power

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.