Northland Power Inc. (TSE:NPI) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• Northland Power Inc. has received an average consensus recommendation of "Buy" from six analysts, with one strong buy and four buy ratings.
• The average target price for Northland Power shares is C$27.08, with recent price objectives ranging from C$26.00 to C$29.00.
• The company has announced a monthly dividend of $0.10 per share, which reflects an annualized yield of 5.2% despite a high dividend payout ratio.

Shares of Northland Power Inc. (TSE:NPI - Get Free Report) have earned an average recommendation of "Buy" from the six analysts that are currently covering the firm, MarketBeat Ratings 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 target price among analysts that have issued ratings on the stock in the last year is C$27.08.

Several brokerages recently issued reports on NPI. Raymond James Financial cut their price objective on Northland Power from C$29.00 to C$28.00 and set an "outperform" rating for the company in a report on Friday, August 15th. National Bank Financial upgraded Northland Power to a "strong-buy" rating in a report on Sunday, June 8th. CIBC increased their price objective on Northland Power from C$28.00 to C$29.00 in a report on Monday, July 21st. Finally, Scotiabank upgraded Northland Power from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from C$25.00 to C$26.00 in a report on Thursday, May 22nd.

Northland Power Stock Performance

NPI opened at C$22.96 on Tuesday. The business has a fifty day simple moving average of C$22.56 and a 200-day simple moving average of C$20.85. The firm has a market cap of C$6.00 billion, a PE ratio of -109.33, a P/E/G ratio of 0.71 and a beta of 0.88. Northland Power has a fifty-two week low of C$16.14 and a fifty-two week high of C$23.85. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28.

Northland Power Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 15th were given a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Thursday, July 31st. Northland Power's dividend payout ratio is presently -571.43%.

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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