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

Key Points

• Northland Power has a consensus “Hold” rating from 10 brokerages, with six holds and four buys. The average 12-month price target is C$24.70.
• Recent analysts generally raised their targets, with price objectives ranging from C$22.00 to C$28.00; National Bank Financial and Raymond James rated the stock “outperform.”
• NPI shares opened at C$21.28, while the company reported quarterly revenue of C$776.97 million and EPS of C$0.33. Northland also maintains a monthly dividend equivalent to a 3.4% annualized yield.

Northland Power Inc. (TSE:NPI - Get Free Report) has been assigned an average recommendation of "Hold" from the ten brokerages that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$24.70.

NPI has been the topic of a number of recent research reports. TD lifted their price objective on shares of Northland Power from C$24.00 to C$25.00 and gave the company a "hold" rating in a research note on Friday, May 15th. Scotia raised their price target on Northland Power from C$23.00 to C$25.00 and gave the stock a "sector perform" rating in a report on Friday, May 15th. National Bank Financial boosted their price target on Northland Power from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research report on Friday, May 15th. Desjardins reduced their price objective on Northland Power from C$23.00 to C$22.00 and set a "hold" rating for the company in a research note on Wednesday, July 22nd. Finally, Raymond James Financial lifted their target price on Northland Power from C$25.50 to C$26.00 and gave the company an "outperform" rating in a research note on Friday, May 15th.

Northland Power Price Performance

NPI stock opened at C$21.28 on Friday. The company has a market capitalization of C$5.56 billion, a P/E ratio of -37.33, a PEG ratio of 0.71 and a beta of 0.88. Northland Power has a twelve month low of C$15.96 and a twelve month high of C$25.99. The business has a 50 day simple moving average of C$22.23 and a 200-day simple moving average of C$21.92. The company has a current ratio of 1.16, a quick ratio of 1.23 and a debt-to-equity ratio of 168.64.

Northland Power (TSE:NPI - Get Free Report) last announced its earnings results on Thursday, May 14th. The solar energy provider reported C$0.33 EPS for the quarter. Northland Power had a negative net margin of 5.52% and a negative return on equity of 3.45%. The business had revenue of C$776.97 million for the quarter.

Northland Power Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.4%. Northland Power's dividend payout ratio (DPR) is currently -182.46%.

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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