Northland Power (TSE:NPI) Upgraded to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Northland Power (TSE:NPI - Free Report) to a strong-buy rating in a research report released on Sunday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. National Bankshares decreased their price target on shares of Northland Power from C$34.00 to C$32.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. TD Securities raised their target price on Northland Power from C$23.00 to C$24.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Raymond James dropped their price target on Northland Power from C$30.00 to C$29.00 in a research note on Friday, February 28th. CIBC cut their price target on Northland Power from C$29.00 to C$28.00 in a report on Friday, February 28th. Finally, Scotiabank raised Northland Power from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$25.00 to C$26.00 in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Northland Power presently has an average rating of "Buy" and a consensus price target of C$27.08.

Northland Power Trading Up 1.1%

Shares of TSE:NPI traded up C$0.22 during midday trading on Friday, reaching C$21.16. The company's stock had a trading volume of 567,185 shares, compared to its average volume of 983,956. Northland Power has a fifty-two week low of C$16.14 and a fifty-two week high of C$24.88. 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 50 day moving average price of C$19.38 and a two-hundred day moving average price of C$18.87. The firm has a market capitalization of C$5.55 billion, a price-to-earnings ratio of -38.77, a PEG ratio of 0.71 and a beta of 0.47.

Northland Power Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a $0.10 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.20 annualized dividend and a yield of 5.67%. Northland Power's payout ratio is -219.84%.

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.