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

Shares of Northland Power Inc. (TSE:NPI - Get Free Report) have received an average recommendation of "Moderate Buy" from the five analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$27.08.

Several equities research analysts have recently weighed in on the company. Scotiabank raised Northland Power from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from C$25.00 to C$26.00 in a research note on Thursday, May 22nd. National Bankshares decreased their price target on Northland Power from C$34.00 to C$32.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. CIBC dropped their price target on Northland Power from C$29.00 to C$28.00 in a research note on Friday, February 28th. TD Securities upped their price objective on shares of Northland Power from C$23.00 to C$24.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Finally, Cormark cut shares of Northland Power from a "moderate buy" rating to a "hold" rating in a report on Thursday, May 15th.

Northland Power Stock Performance

NPI opened at C$20.75 on Friday. The business has a 50 day moving average price of C$19.35 and a two-hundred day moving average price of C$18.88. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23. The company has a market capitalization of C$5.44 billion, a price-to-earnings ratio of -38.01, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. Northland Power has a 1-year low of C$16.14 and a 1-year high of C$24.88.

Northland Power Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.20 annualized dividend and a dividend yield of 5.78%. Northland Power's dividend payout ratio 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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