Northland Power Inc. (NPI.TO) - What Are Analysts Saying About This Stock?

Key Points

• Analysts are moderately bullish: Northland Power has a consensus “Moderate Buy” rating, with five buys, one strong buy, and four holds. The average 12-month price target is C$24.90 versus the reported share price of C$21.91.
• Recent financial results were weak: The company reported a quarterly loss of C$0.24 per share, negative net margin of 5.48%, and negative return on equity of 3.46%, despite generating C$512.21 million in revenue.
• Northland announced a monthly dividend of $0.06 per share, equivalent to $0.72 annually and a 3.3% yield. However, its dividend payout ratio was negative 164.29%, reflecting the company’s reported losses.

Northland Power Inc. (TSE:NPI - Get Free Report) has been given an average recommendation of "Moderate Buy" by the ten analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$24.90.

A number of brokerages have weighed in on NPI. TD Securities upgraded shares of Northland Power from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 14th. Desjardins lowered their price target on Northland Power from C$23.00 to C$22.00 and set a "hold" rating on the stock in a report on Wednesday, July 22nd. ATB Cormark Capital Markets raised their price target on Northland Power from C$27.00 to C$28.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. Finally, TD upgraded Northland Power from a "hold" rating to a "buy" rating and set a C$25.00 price target on the stock in a research note on Friday, August 14th.

Northland Power Stock Down 0.2%

NPI opened at C$21.91 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.04 and a debt-to-equity ratio of 164.38. The firm has a 50 day moving average price of C$21.65 and a 200-day moving average price of C$22.30. Northland Power has a twelve month low of C$15.96 and a twelve month high of C$25.99. The stock has a market capitalization of C$5.73 billion, a price-to-earnings ratio of -39.12, a PEG ratio of 0.71 and a beta of 0.59.

Northland Power (TSE:NPI - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The solar energy provider reported C($0.24) earnings per share for the quarter. Northland Power had a negative net margin of 5.48% and a negative return on equity of 3.46%. The company had revenue of C$512.21 million for the quarter.

Northland Power Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 16th will be given a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, October 30th. Northland Power's dividend payout ratio is -164.29%.

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. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.

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