Northland Power Inc. (TSE:NPI - Get Free Report) has received an average recommendation of "Buy" from the six brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$27.21.
A number of equities research analysts have weighed in on the company. National Bankshares decreased their target price on Northland Power from C$34.00 to C$32.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. TD Securities lifted their target price on Northland Power from C$23.00 to C$24.00 and gave the company a "buy" rating in a research report on Friday, February 28th. CIBC reduced their price target on Northland Power from C$29.00 to C$28.00 in a research report on Friday, February 28th. Raymond James reduced their price target on Northland Power from C$30.00 to C$29.00 in a research report on Friday, February 28th. Finally, Cormark lowered Northland Power from a "moderate buy" rating to a "hold" rating in a research report on Thursday.
Get Our Latest Analysis on NPI
Northland Power Stock Down 0.1%
TSE NPI traded down C$0.02 on Wednesday, reaching C$20.69. 1,478,646 shares of the stock traded hands, compared to its average volume of 1,028,197. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. The company has a fifty day moving average price of C$19.07 and a 200-day moving average price of C$18.89. The company has a market cap of C$5.43 billion, a price-to-earnings ratio of -37.90, a PEG ratio of 0.71 and a beta of 0.47. Northland Power has a 12 month low of C$16.14 and a 12 month high of C$24.88.
Northland Power Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.80%. The ex-dividend date was Monday, March 31st. Northland Power's payout ratio is -219.84%.
About Northland Power
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Get Free ReportNorthland 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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