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

Key Points

• Northland Power Inc. (TSE:NPI) has received an average rating of "Buy" from six research firms, with price targets ranging from C$28.00 to C$29.00.
• The company recently announced a monthly dividend of $0.10, which yields 4.8% annually, while its payout ratio stands at -571.43%.
• Northland Power specializes in developing and operating renewable energy assets, primarily focusing on offshore wind as its largest segment for future growth.

Shares of Northland Power Inc. (TSE:NPI - Get Free Report) have received an average rating of "Buy" from the six research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$27.08.

A number of equities analysts recently issued reports on the company. CIBC lifted their target price on Northland Power from C$28.00 to C$29.00 in a report on Monday, July 21st. Raymond James Financial decreased their target price on Northland Power from C$29.00 to C$28.00 and set an "outperform" rating on the stock in a report on Friday, August 15th.

Northland Power Price Performance

TSE NPI opened at C$24.86 on Friday. The stock has a market capitalization of C$6.50 billion, a P/E ratio of -118.38, a P/E/G ratio of 0.71 and a beta of 0.85. Northland Power has a 1 year low of C$16.14 and a 1 year high of C$25.03. The business's fifty day moving average is C$22.72 and its two-hundred day moving average is C$21.34. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17.

Northland Power Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were issued a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Thursday, July 31st. Northland Power's 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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