CIBC Has Lowered Expectations for Northland Power (TSE:NPI) Stock Price

Key Points

• CIBC cut its price target for Northland Power from C$29.00 to C$25.00, implying about a 36% upside from the current share price, while the analyst consensus remains a “Moderate Buy” with an average target of C$26.31.
• Shares traded at C$18.37 on Friday on heavy volume (2.96M vs. average 0.95M), placing the stock nearer its 12‑month low (C$16.14) than its high (C$25.99).
• Recent quarterly results showed an EPS loss of C($1.58), negative net margin and return on equity, and high leverage (debt-to-equity ~181%), signaling profitability pressure despite C$559.4M in revenue.

Northland Power (TSE:NPI - Get Free Report) had its price target decreased by CIBC from C$29.00 to C$25.00 in a research report issued on Friday,BayStreet.CA reports. CIBC's price target would suggest a potential upside of 36.09% from the stock's current price.

Several other brokerages have also commented on NPI. BMO Capital Markets lowered Northland Power from a "strong-buy" rating to a "hold" rating and cut their price target for the company from C$31.00 to C$25.00 in a research note on Thursday. Raymond James Financial cut their price target on Northland Power from C$29.00 to C$28.00 and set an "outperform" rating on the stock in a report on Friday, August 15th. Finally, Desjardins reduced their price objective on shares of Northland Power from C$28.00 to C$27.00 and set a "buy" rating for the company in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$26.31.

Northland Power Price Performance

Northland Power stock traded up C$0.13 during mid-day trading on Friday, reaching C$18.37. 2,960,208 shares of the company's stock traded hands, compared to its average volume of 949,595. The stock has a 50 day moving average of C$24.01 and a two-hundred day moving average of C$22.37. 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 company has a market cap of C$4.80 billion, a price-to-earnings ratio of -87.48, a PEG ratio of 0.71 and a beta of 0.87. Northland Power has a 12-month low of C$16.14 and a 12-month high of C$25.99.

Northland Power (TSE:NPI - Get Free Report) last issued its quarterly earnings results on Thursday, November 13th. The solar energy provider reported C($1.58) EPS for the quarter. Northland Power had a negative net margin of 5.92% and a negative return on equity of 3.37%. The firm had revenue of C$559.39 million for the quarter.

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.

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