Northland Power (TSE:NPI - Free Report) had its price target hoisted by CIBC from C$29.00 to C$30.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the solar energy provider's stock.
NPI has been the topic of several other reports. Desjardins lowered their price objective on shares of Northland Power from C$29.00 to C$27.00 and set a buy rating on the stock in a research report on Tuesday, April 30th. TD Securities lifted their target price on shares of Northland Power from C$27.00 to C$28.00 and gave the company a buy rating in a report on Friday. Raymond James downgraded shares of Northland Power from a strong-buy rating to an outperform rating and lowered their target price for the company from C$32.00 to C$30.00 in a report on Thursday, April 25th. Finally, BMO Capital Markets lowered their target price on shares of Northland Power from C$31.00 to C$30.00 and set an outperform rating on the stock in a report on Thursday, February 22nd. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Northland Power has a consensus rating of Buy and an average target price of C$31.96.
Check Out Our Latest Research Report on Northland Power
Northland Power Stock Up 2.1 %
Northland Power stock traded up C$0.49 during mid-day trading on Friday, reaching C$24.10. 1,024,163 shares of the company's stock were exchanged, compared to its average volume of 1,017,450. The company has a market cap of C$6.16 billion, a P/E ratio of -33.47, a P/E/G ratio of 0.71 and a beta of 0.44. Northland Power has a twelve month low of C$19.36 and a twelve month high of C$30.56. The company has a quick ratio of 1.23, a current ratio of 1.13 and a debt-to-equity ratio of 165.58. The company has a fifty day moving average of C$22.03 and a 200-day moving average of C$22.84.
Northland Power (TSE:NPI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share for the quarter, missing analysts' consensus estimates of C$0.43 by C($0.92). Northland Power had a negative net margin of 7.85% and a negative return on equity of 2.09%. The firm had revenue of C$626.22 million during the quarter, compared to analyst estimates of C$614.15 million. Sell-side analysts expect that Northland Power will post 1.2723005 EPS for the current year.
Northland Power Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date is Friday, May 31st. Northland Power's payout ratio is currently -166.67%.
Northland Power Company Profile
(
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Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.
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