Northland Power Inc. (TSE:NPI - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.95 and traded as high as C$22.00. Northland Power shares last traded at C$21.82, with a volume of 649,961 shares traded.
Wall Street Analysts Forecast Growth
NPI has been the topic of a number of recent research reports. Scotiabank raised shares of Northland Power from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from C$25.00 to C$26.00 in a report on Thursday, May 22nd. TD Securities raised their target price on shares of Northland Power from C$23.00 to C$24.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Raymond James Financial cut their target price on shares of Northland Power from C$30.00 to C$29.00 in a report on Friday, February 28th. Cormark cut shares of Northland Power from a "moderate buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, CIBC cut their target price on shares of Northland Power from C$29.00 to C$28.00 in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$27.08.
View Our Latest Stock Analysis on NPI
Northland Power Stock Performance
The stock has a fifty day moving average price of C$19.94 and a two-hundred day moving average price of C$18.97. The company has a market cap of C$5.71 billion, a P/E ratio of -39.87, a PEG ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23.
Northland Power Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.51%. Northland Power's dividend payout ratio (DPR) is presently -219.84%.
Northland Power Company Profile
(
Get Free Report)
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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