Northland Power Inc. (TSE:NPI) Receives Consensus Rating of “Moderate Buy” from Analysts

Northland Power Inc. (TSE:NPI) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$31.00.

Several equities research analysts have weighed in on the company. National Bankshares increased their price target on Northland Power from C$34.00 to C$35.00 in a research report on Thursday, July 11th. CIBC increased their price target on Northland Power from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Scotiabank increased their price target on Northland Power from C$27.00 to C$28.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 12th. Finally, Desjardins increased their price target on Northland Power from C$27.00 to C$29.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th.

Northland Power Stock Performance

Shares of NPI stock opened at C$22.71 on Tuesday. 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. 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 business has a fifty day moving average of C$22.58 and a 200 day moving average of C$22.73. Northland Power has a 1 year low of C$19.36 and a 1 year high of C$25.36.

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

Northland Power Announces Dividend

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

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.