Northland Power (TSE:NPI - Get Free Report) was upgraded by equities research analysts at Scotiabank to a "hold" rating in a research report issued to clients and investors on Thursday, Zacks.com reports.
Several other equities research analysts have also recently weighed in on NPI. CIBC boosted their target price on Northland Power from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a research note on Friday. BMO Capital Markets reduced their price objective on Northland Power from C$31.00 to C$30.00 and set an "outperform" rating for the company in a research note on Thursday, February 22nd. Raymond James cut Northland Power from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from C$32.00 to C$30.00 in a research note on Thursday, April 25th. TD Securities boosted their price objective on Northland Power from C$27.00 to C$28.00 and gave the company a "buy" rating in a research note on Friday. Finally, Desjardins reduced their price objective on Northland Power from C$29.00 to C$27.00 and set a "buy" rating for the company in a research note on Tuesday, April 30th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$31.96.
Read Our Latest Analysis on NPI
Northland Power Trading Up 2.1 %
NPI traded up C$0.49 on Thursday, hitting C$24.10. The company had a trading volume of 1,024,163 shares, compared to its average volume of 1,017,450. The firm has a market cap of C$6.16 billion, a P/E ratio of -33.47, a PEG ratio of 0.71 and a beta of 0.44. Northland Power has a 1 year low of C$19.36 and a 1 year high of C$30.56. The company's fifty day moving average price is C$22.04 and its 200 day moving average price is C$22.87. The company has a current ratio of 1.13, a quick ratio of 1.23 and a debt-to-equity ratio of 165.58.
Northland Power (TSE:NPI - Get Free Report) last released its earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share for the quarter, missing the consensus estimate of C$0.43 by C($0.92). The firm had revenue of C$626.22 million during the quarter, compared to analyst estimates of C$614.15 million. Northland Power had a negative net margin of 7.85% and a negative return on equity of 2.09%. As a group, equities analysts expect that Northland Power will post 1.2723005 earnings per share for the current 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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