Northland Power (TSE:NPI - Get Free Report) had its target price cut by stock analysts at Desjardins from C$29.00 to C$27.00 in a report issued on Tuesday, BayStreet.CA reports. The firm presently has a "buy" rating on the solar energy provider's stock. Desjardins' price target indicates a potential upside of 28.51% from the company's current price.
Several other equities analysts have also weighed in on the stock. BMO Capital Markets cut their price objective 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. Raymond James lowered shares of Northland Power from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from C$32.00 to C$30.00 in a report on Thursday, April 25th. National Bankshares increased their price objective on shares of Northland Power from C$32.00 to C$34.00 and gave the company an "outperform" rating in a report on Tuesday, January 9th. Finally, CIBC cut their price objective on shares of Northland Power from C$30.00 to C$29.00 and set an "outperform" rating on the stock in a report on Friday, April 19th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Northland Power currently has an average rating of "Buy" and an average price target of C$31.79.
View Our Latest Stock Analysis on Northland Power
Northland Power Price Performance
Shares of NPI traded up C$0.44 during mid-day trading on Tuesday, hitting C$21.01. 1,200,970 shares of the company traded hands, compared to its average volume of 1,015,776. Northland Power has a one year low of C$19.36 and a one year high of C$33.32. The company has a current ratio of 1.13, a quick ratio of 1.23 and a debt-to-equity ratio of 165.58. The business has a 50-day moving average of C$22.40 and a 200 day moving average of C$22.78. The stock has a market capitalization of C$5.37 billion, a price-to-earnings ratio of -29.18, a PEG ratio of 0.71 and a beta of 0.45.
Northland Power (TSE:NPI - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) EPS for the quarter, missing the consensus estimate 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 company had revenue of C$626.22 million for the quarter, compared to the consensus estimate of C$614.15 million. As a group, equities analysts expect that Northland Power will post 1.1793651 earnings per share for the current fiscal year.
About Northland Power
(
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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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