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

Key Points

• Analysts give Northland Power an average rating of "Moderate Buy" from nine brokerages (five hold, three buy, one strong buy) with an average 12‑month price target of C$23.63.
• The company reported quarterly EPS of C$0.93 and revenue of C$725.3M but remains unprofitable (net margin -6.69%, ROE -3.92%) and highly leveraged (debt‑to‑equity 176.8), while the stock trades around C$21.21 within a 12‑month range of C$15.96–C$25.99.

Shares of Northland Power Inc. (TSE:NPI - Get Free Report) have received an average rating of "Moderate Buy" from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$23.63.

A number of equities analysts recently weighed in on NPI shares. TD Securities lifted their price target on Northland Power from C$21.00 to C$23.00 and gave the stock a "hold" rating in a research note on Friday, February 27th. Raymond James Financial decreased their target price on shares of Northland Power from C$25.00 to C$23.00 in a report on Monday, November 24th. Canadian Imperial Bank of Commerce lifted their target price on shares of Northland Power from C$22.00 to C$23.00 in a research report on Wednesday, December 17th. BMO Capital Markets reduced their price target on shares of Northland Power from C$25.00 to C$23.00 in a research report on Friday, November 21st. Finally, ATB Cormark Capital Markets lowered their price objective on shares of Northland Power from C$23.00 to C$22.00 and set an "outperform" rating on the stock in a research report on Tuesday, December 23rd.

Northland Power Stock Down 0.2%

TSE NPI opened at C$21.21 on Tuesday. Northland Power has a 12 month low of C$15.96 and a 12 month high of C$25.99. The company has a market capitalization of C$5.55 billion, a P/E ratio of -32.63, a PEG ratio of 0.71 and a beta of 1.09. The company's 50 day simple moving average is C$19.40 and its 200 day simple moving average is C$20.77. The company has a debt-to-equity ratio of 176.80, a current ratio of 1.07 and a quick ratio of 1.23.

Northland Power (TSE:NPI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The solar energy provider reported C$0.93 earnings per share (EPS) for the quarter. The firm had revenue of C$725.26 million for the quarter. Northland Power had a negative net margin of 6.69% and a negative return on equity of 3.92%.

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. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.

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