Shares of Northland Power Inc. (TSE:NPI - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$20.71 and traded as high as C$22.50. Northland Power shares last traded at C$22.46, with a volume of 425,212 shares.
Wall Street Analysts Forecast Growth
NPI has been the topic of several recent analyst reports. Scotiabank upgraded shares of Northland Power from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from C$25.00 to C$26.00 in a report on Thursday, May 22nd. Cormark downgraded shares of Northland Power from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. CIBC increased their target price on shares of Northland Power from C$28.00 to C$29.00 in a research report on Monday, July 21st. National Bank Financial raised shares of Northland Power to a "strong-buy" rating in a research report on Sunday, June 8th. Finally, Raymond James Financial dropped 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 report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$27.08.
Read Our Latest Analysis on Northland Power
Northland Power Price Performance
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's 50-day simple moving average is C$22.50 and its 200-day simple moving average is C$20.71. The company has a market cap of C$5.87 billion, a price-to-earnings ratio of -106.95, a P/E/G ratio of 0.71 and a beta of 0.88.
Northland Power Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 15th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a c) annualized dividend and a yield of 5.3%. Northland Power's dividend payout ratio (DPR) is -571.43%.
Northland Power Company Profile
(
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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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