Northland Power Inc. (TSE:NPI - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.86 and traded as high as C$20.92. Northland Power shares last traded at C$20.78, with a volume of 791,388 shares changing hands.
Wall Street Analyst Weigh In
Several research firms have issued reports on NPI. CIBC lowered their price objective on shares of Northland Power from C$29.00 to C$28.00 in a research report on Friday, February 28th. Scotiabank raised shares of Northland Power from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from C$25.00 to C$26.00 in a research report on Thursday, May 22nd. Cormark cut shares of Northland Power from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. Raymond James lowered their price objective on shares of Northland Power from C$30.00 to C$29.00 in a research report on Friday, February 28th. Finally, TD Securities boosted 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 report on Friday, February 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$27.08.
View Our Latest Analysis on NPI
Northland Power Stock Performance
The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. The firm has a market cap of C$5.44 billion, a P/E ratio of -38.01, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The firm's fifty day moving average price is C$19.35 and its 200 day moving average price is C$18.88.
Northland Power Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, March 31st. This represents a $1.20 annualized dividend and a dividend yield of 5.78%. Northland Power's dividend payout ratio (DPR) is presently -219.84%.
About Northland Power
(
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.
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