Northland Power (TSE:NPI) Price Target Raised to C$45.00 at CIBC

Northland Power (TSE:NPIGet Rating) had its price objective hoisted by CIBC from C$44.00 to C$45.00 in a report published on Friday, BayStreet.CA reports. They currently have an outperform rating on the solar energy provider’s stock.

Several other analysts also recently issued reports on the stock. BMO Capital Markets upped their price target on shares of Northland Power from C$44.00 to C$50.00 in a report on Friday, August 12th. Raymond James boosted their price target on Northland Power from C$50.00 to C$52.00 and gave the company an outperform rating in a research report on Friday, August 12th. National Bankshares cut their price target on shares of Northland Power from C$49.00 to C$47.00 in a report on Friday, October 7th. CSFB reduced their target price on shares of Northland Power from C$53.00 to C$48.00 in a report on Tuesday, October 25th. Finally, Credit Suisse Group lowered their target price on Northland Power to C$48.00 and set an outperform rating for the company in a research note on Tuesday, October 25th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of C$48.19.

Northland Power Stock Down 3.1 %

TSE NPI opened at C$39.74 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 186.75. The firm has a market capitalization of C$9.75 billion and a price-to-earnings ratio of 16.35. The company has a fifty day moving average of C$40.99 and a two-hundred day moving average of C$40.63. Northland Power has a 52 week low of C$34.95 and a 52 week high of C$47.13.

Northland Power (TSE:NPIGet Rating) last issued its quarterly earnings data on Thursday, August 11th. The solar energy provider reported C$0.21 EPS for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.10. The firm had revenue of C$556.79 million for the quarter. On average, analysts predict that Northland Power will post 1.92 earnings per share for the current year.

Northland Power Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 15th were paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Tuesday, August 30th. Northland Power’s dividend payout ratio is currently 49.38%.

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 North America, Europe, Latin America, and Asia. The company produces electricity from renewable resources, such as wind, solar, or hydropower, as well as clean-burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

Further Reading

Analyst Recommendations for Northland Power (TSE:NPI)

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