Northland Power Inc. (TSE:NPI) Stock Has Average Price Target of C$24.90 According to Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Northland Power, with five buy ratings, one strong-buy rating, and four holds. The average 12-month price target is C$24.90, above the reported C$22.01 share price.
• Recent analyst updates were mixed but generally favorable: TD upgraded the stock to buy and strong buy, while ATB Cormark raised its target to C$28.00; Desjardins cut its target to C$22.00 and maintained a hold rating.
• Northland Power reported a quarterly loss of C$0.24 per share, negative profitability metrics, and a high debt-to-equity ratio of 164.38. The company continues to pay a monthly dividend of C$0.06, equivalent to a 3.3% annualized yield.

Shares of Northland Power Inc. (TSE:NPI - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten ratings firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$24.90.

Several equities analysts recently weighed in on the company. TD upgraded Northland Power from a "hold" rating to a "buy" rating and set a C$25.00 price target for the company 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 research report on Wednesday, July 22nd. ATB Cormark Capital Markets raised their price objective on Northland Power from C$27.00 to C$28.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Finally, TD Securities upgraded Northland Power from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 14th.

Northland Power Stock Down 0.4%

NPI stock opened at C$22.01 on Friday. Northland Power has a one year low of C$15.96 and a one year high of C$25.99. The company has a debt-to-equity ratio of 164.38, a quick ratio of 1.23 and a current ratio of 1.04. The firm's fifty day moving average is C$21.45 and its 200 day moving average is C$22.30. The firm has a market cap of C$5.76 billion, a PE ratio of -39.30, a P/E/G ratio of 0.71 and a beta of 0.87.

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 return on equity of 3.46% and a negative net margin of 5.48%.The firm had revenue of C$2.35 million during the quarter.

Northland Power Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.72 dividend on an annualized basis and a yield of 3.3%. Northland Power's dividend payout ratio (DPR) is currently -164.29%.

About Northland Power

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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