Northland Power Inc. (TSE:NPI) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Northland Power Inc. has received a consensus rating of "Buy" from five analysts, with three recommending a buy and one a strong buy.
• The company has set an average price target of C$27.25 among analysts over the next twelve months.
• Northland Power recently declared a $0.10 monthly dividend with an annualized yield of 5.24%, although it has a negative dividend payout ratio of -219.84%.

Shares of Northland Power Inc. (TSE:NPI - Get Free Report) have been given a consensus recommendation of "Buy" by the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$27.25.

A number of brokerages have weighed in on NPI. National Bank Financial raised Northland Power to a "strong-buy" rating in a research report on Sunday, June 8th. CIBC lifted their price objective on Northland Power from C$28.00 to C$29.00 in a report on Monday, July 21st. Scotiabank raised Northland Power from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from C$25.00 to C$26.00 in a research report on Thursday, May 22nd. Finally, Cormark downgraded Northland Power from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th.

Northland Power Trading Down 1.1%

Shares of Northland Power stock traded down C$0.25 on Monday, hitting C$22.60. The stock had a trading volume of 287,371 shares, compared to its average volume of 923,299. The stock has a market cap of C$5.93 billion, a price-to-earnings ratio of -41.40, a PEG ratio of 0.71 and a beta of 0.47. The stock's 50-day simple moving average is C$21.87 and its two-hundred day simple moving average is C$19.76. Northland Power has a one year low of C$16.14 and a one year high of C$24.25. 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 business also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 5.31%. Northland Power's dividend payout ratio (DPR) is presently -219.84%.

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.