Northland Power Inc. (TSE:NPI - Get Free Report) has received an average rating of "Buy" from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four 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 issued a report on the stock in the last year is C$27.08.
A number of analysts recently commented on NPI shares. CIBC lifted their price objective on Northland Power from C$28.00 to C$29.00 in a research report on Monday, July 21st. National Bank Financial upgraded Northland Power to a "strong-buy" rating in a research report on Sunday, June 8th. Raymond James Financial lowered their price objective on Northland Power from C$29.00 to C$28.00 and set an "outperform" rating for the company in a research report on Friday, August 15th. Cormark lowered Northland Power from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Scotiabank upgraded Northland Power from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from C$25.00 to C$26.00 in a research report on Thursday, May 22nd.
Check Out Our Latest Stock Report on NPI
Northland Power Trading Up 1.3%
NPI stock traded up C$0.29 during midday trading on Friday, reaching C$22.52. The stock had a trading volume of 183,605 shares, compared to its average volume of 902,095. The business has a fifty day simple moving average of C$22.38 and a two-hundred day simple moving average of C$20.38. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28. The firm has a market cap of C$5.91 billion, a price-to-earnings ratio of -41.26, a PEG ratio of 0.71 and a beta of 0.47. Northland Power has a twelve month low of C$16.14 and a twelve month high of C$23.85.
Northland Power Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were given a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Thursday, July 31st. Northland Power's payout ratio is presently -219.84%.
About Northland Power
(
Get Free Report)
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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