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

Northland Power Inc. (TSE:NPI – Get Rating) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$48.44.

Several research firms recently issued reports on NPI. Credit Suisse Group boosted their target price on shares of Northland Power from C$49.00 to C$52.00 and gave the company an “outperform” rating in a research note on Thursday, December 15th. National Bankshares decreased their target price on shares of Northland Power from C$47.00 to C$46.00 and set an “outperform” rating for the company in a research note on Tuesday. CSFB boosted their target price on shares of Northland Power from C$48.00 to C$49.00 in a research note on Thursday, December 1st. ATB Capital boosted their target price on shares of Northland Power to C$52.00 and gave the company an “outperform” rating in a research note on Thursday, December 15th. Finally, CIBC upped their price objective on shares of Northland Power from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Friday, November 11th.

Northland Power Stock Performance

Shares of TSE NPI opened at C$38.49 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.23 and a debt-to-equity ratio of 164.59. Northland Power has a 12 month low of C$34.98 and a 12 month high of C$47.13. The company has a 50 day simple moving average of C$38.05 and a two-hundred day simple moving average of C$40.45. The stock has a market cap of C$9.44 billion and a price-to-earnings ratio of 13.85.

Northland Power (TSE:NPI – Get Rating) last announced its quarterly earnings data on Wednesday, November 9th. The solar energy provider reported C$0.33 EPS for the quarter, beating the consensus estimate of C$0.27 by C$0.06. The business had revenue of C$555.85 million for the quarter. As a group, analysts predict that Northland Power will post 1.62 earnings per share for the current year.

Northland Power Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Wednesday, February 15th will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, January 30th. Northland Power’s payout ratio is 43.17%.

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 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.