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

Shares of Northland Power Inc. (TSE:NPI) have received an average rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$27.08.

A number of equities analysts recently issued reports on the company. CIBC lifted their target price on Northland Power from C$28.00 to C$29.00 in a report on Monday, July 21st. Raymond James Financial decreased their target price on Northland Power from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a report on Friday, August 15th.

Northland Power Price Performance

TSE NPI opened at C$24.86 on Friday. The stock has a market capitalization of C$6.50 billion, a P/E ratio of -118.38, a P/E/G ratio of 0.71 and a beta of 0.85. Northland Power has a 1 year low of C$16.14 and a 1 year high of C$25.03. The business’s fifty day moving average is C$22.72 and its two-hundred day moving average is C$21.34. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17.

Northland Power Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were issued a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Thursday, July 31st. Northland Power’s payout ratio is presently -571.43%.

Northland Power Company Profile

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.