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

Shares of Northland Power Inc. (TSE:NPI) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$27.21.

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

Northland Power Trading Down 1.9 %

Shares of Northland Power stock opened at C$19.67 on Tuesday. The firm has a market cap of C$5.16 billion, a PE ratio of -36.04, a P/E/G ratio of 0.71 and a beta of 0.47. Northland Power has a 1 year low of C$16.14 and a 1 year high of C$24.88. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23. The stock has a fifty day moving average price of C$18.35 and a 200-day moving average price of C$19.67.

Northland Power Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.10%. The ex-dividend date of this dividend is Monday, March 31st. Northland Power’s dividend payout ratio is presently -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.