Northland Power Inc. (TSE:NPI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Northland Power Inc. (TSE:NPI) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$28.56.

A number of brokerages have weighed in on NPI. National Bankshares lowered their price target on Northland Power from C$35.00 to C$34.00 in a research report on Wednesday, January 15th. Cormark lowered their target price on shares of Northland Power from C$25.00 to C$23.50 in a report on Thursday, January 30th. CIBC cut their price target on shares of Northland Power from C$31.00 to C$29.00 in a report on Wednesday, January 8th. Raymond James upgraded shares of Northland Power to a “moderate buy” rating in a research report on Friday, November 15th. Finally, Scotiabank dropped their price objective on shares of Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th.

Northland Power Trading Down 0.7 %

NPI stock opened at C$16.64 on Monday. Northland Power has a 1-year low of C$16.14 and a 1-year high of C$24.88. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53. The business’s 50 day moving average is C$18.26 and its 200-day moving average is C$20.63. The firm has a market cap of C$4.29 billion, a P/E ratio of 69.33, a P/E/G ratio of 0.71 and a beta of 0.47.

Northland Power Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.21%. Northland Power’s payout ratio is 500.00%.

Northland Power Company Profile

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.