Northland Power Inc. (TSE:NPI - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$20.01 and traded as high as C$22.19. Northland Power shares last traded at C$22.02, with a volume of 570,843 shares traded.
Analyst Ratings Changes
Several analysts have recently weighed in on NPI shares. National Bank Financial raised Northland Power to a "strong-buy" rating in a report on Sunday, June 8th. Scotiabank raised shares of 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 report on Thursday, May 22nd. Raymond James Financial decreased their target price on shares of Northland Power from C$29.00 to C$28.00 and set an "outperform" rating for the company in a research note on Friday. Cormark lowered Northland Power from a "moderate buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, CIBC upped their price objective on Northland Power from C$28.00 to C$29.00 in a research note on Monday, July 21st. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$27.08.
Check Out Our Latest Stock Report on Northland Power
Northland Power Price Performance
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 stock has a market capitalization of C$5.76 billion, a price-to-earnings ratio of -40.19, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company has a 50 day moving average of C$22.27 and a 200 day moving average of C$20.08.
Northland Power Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.5%. Northland Power's payout ratio is presently -219.84%.
About Northland Power
(
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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.
Further Reading
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