Northland Power (TSE:NPI) Downgraded to Hold Rating by Cormark

Cormark lowered shares of Northland Power (TSE:NPI) from a moderate buy rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports. Cormark also issued estimates for Northland Power’s FY2025 earnings at $0.47 EPS.

Several other research analysts have also recently commented on the company. TD Securities boosted their target price on Northland Power from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Scotiabank lowered their target price on Northland Power from C$28.00 to C$25.00 in a research note on Thursday, January 30th. CIBC lowered their target price on Northland Power from C$29.00 to C$28.00 in a research note on Friday, February 28th. National Bankshares lowered their price objective on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Finally, Raymond James lowered their price objective on Northland Power from C$30.00 to C$29.00 in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$27.21.

Northland Power Trading Down 0.1%

NPI opened at C$20.69 on Thursday. Northland Power has a 12 month low of C$16.14 and a 12 month high of C$24.88. The stock has a market capitalization of C$5.43 billion, a price-to-earnings ratio of -37.90, a PEG ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23. The business has a fifty day moving average price of C$19.07 and a 200 day moving average price of C$18.89.

Northland Power Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.10 per share. The ex-dividend date was Monday, March 31st. This represents a $1.20 annualized dividend and a dividend yield of 5.80%. Northland Power’s dividend payout ratio is currently -219.84%.

About Northland Power

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term.