Northland Power (TSE:NPI) had its price target increased by Raymond James from C$30.00 to C$30.50 in a research report report published on Friday, BayStreet.CA reports. Raymond James also issued estimates for Northland Power’s Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.36 EPS, FY2019 earnings at $2.02 EPS and FY2020 earnings at $1.67 EPS.
Several other research analysts have also weighed in on NPI. TD Securities lowered shares of Turquoise Hill Resources from a buy rating to a speculative buy rating and lowered their target price for the stock from C$4.00 to C$2.25 in a research note on Wednesday, July 17th. National Bank Financial increased their price target on shares of TransAlta Renewables from C$13.00 to C$13.25 and gave the stock a sector perform rating in a research report on Wednesday, July 10th. BMO Capital Markets reissued a buy rating on shares of Gran Tierra Energy in a research report on Wednesday, June 26th. Royal Bank of Canada reissued a sell rating on shares of CI Financial in a research report on Friday, May 10th. Finally, CIBC increased their price target on shares of Quebecor from C$34.00 to C$35.00 in a research report on Friday, May 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of C$27.69.
Shares of NPI stock opened at C$25.67 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.83 and a debt-to-equity ratio of 491.00. The stock has a market capitalization of $4.62 billion and a price-to-earnings ratio of 15.81. The stock’s 50-day moving average is C$25.51. Northland Power has a 1-year low of C$19.91 and a 1-year high of C$26.32.
Northland Power (TSE:NPI) last announced its earnings results on Wednesday, May 8th. The solar energy provider reported C$0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.45 by C$0.33. The company had revenue of C$498.54 million for the quarter, compared to analysts’ expectations of C$473.60 million. As a group, sell-side analysts anticipate that Northland Power will post 2.1 EPS for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $1.20 annualized dividend and a dividend yield of 4.67%. Northland Power’s dividend payout ratio is presently 73.89%.
In other news, Director John Wycliffe Brace sold 121,600 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$25.52, for a total transaction of C$3,102,806.40. Following the sale, the director now owns 502,026 shares of the company’s stock, valued at C$12,809,946.43.
Northland Power Company Profile
Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.
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