Northland Power Inc. (TSE:NPI) Receives Average Rating of "Buy" from Brokerages

Key Points

• Northland Power Inc. has received an average rating of "Buy" from six analysts, with one hold, four buy, and one strong buy ratings; the average 1-year target price is C$27.08.
• The company recently announced a monthly dividend of $0.10, resulting in an annualized dividend yield of 5.4%, though it currently has a negative dividend payout ratio.
• Northland Power's market capitalization stands at C$5.80 billion, and shares opened at C$22.11, showing a 1-year price range of C$16.14 to C$23.85.

Shares of Northland Power Inc. (TSE:NPI - Get Free Report) have been given an average rating of "Buy" by the six analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$27.08.

Several research analysts recently issued reports on the company. CIBC upped their target price on Northland Power from C$28.00 to C$29.00 in a research report on Monday, July 21st. Raymond James Financial reduced their target price on Northland Power from C$29.00 to C$28.00 and set an "outperform" rating on the stock 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. National Bank Financial raised Northland Power to a "strong-buy" rating in a research report on Sunday, June 8th. Finally, Scotiabank raised Northland Power from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$25.00 to C$26.00 in a research report on Thursday, May 22nd.

Northland Power Trading Down 0.2%

Shares of TSE:NPI opened at C$22.11 on Friday. The business's 50-day moving average is C$22.36 and its 200 day moving average is C$20.24. Northland Power has a 1 year low of C$16.14 and a 1 year high of C$23.85. The firm has a market capitalization of C$5.80 billion, a P/E ratio of -40.51, a P/E/G ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23.

Northland Power Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were paid a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Thursday, July 31st. 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.

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