National Bank Financial Raises Northland Power (NPI) Price Target to C$26.00

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Northland Power (TSE:NPI) had its target price raised by National Bank Financial from C$25.00 to C$26.00 in a report published on Tuesday morning. National Bank Financial currently has an outperform rating on the solar energy provider’s stock. National Bank Financial also issued estimates for Northland Power’s FY2018 earnings at $1.59 EPS, FY2019 earnings at $1.34 EPS and FY2020 earnings at $2.05 EPS.

Other equities research analysts also recently issued reports about the company. CIBC reduced their price objective on Northland Power from C$27.00 to C$26.00 in a report on Tuesday, January 15th. Industrial Alliance Securities downgraded Northland Power from a strong-buy rating to a buy rating and reduced their price objective for the stock from C$28.00 to C$26.00 in a report on Tuesday, October 9th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of C$27.00.

TSE NPI opened at C$25.09 on Tuesday. Northland Power has a one year low of C$19.91 and a one year high of C$25.33. The stock has a market capitalization of $4.48 billion and a P/E ratio of 16.75. The company has a quick ratio of 0.73, a current ratio of 1.11 and a debt-to-equity ratio of 508.26.

Northland Power (TSE:NPI) last released its quarterly earnings data on Tuesday, November 6th. The solar energy provider reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.22 by C$0.15. The business had revenue of C$350.18 million during the quarter, compared to the consensus estimate of C$360.70 million. On average, sell-side analysts expect that Northland Power will post 1.42999988145079 EPS for the current year.

The company also recently announced a monthly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 15th will be given a $0.10 dividend. The ex-dividend date is Wednesday, January 30th. This represents a $1.20 annualized dividend and a yield of 4.78%. Northland Power’s payout ratio is 80.11%.

About Northland Power

Northland Power Inc develops, builds, owns, and operates green power projects primarily in Canada and Europe. It generates electricity from thermal, wind, solar, hydro, and biomass power plants. As of September 24, 2018, the company owned or had a net economic interest in power producing facilities with a total capacity of approximately 2,029 megawatts.

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Analyst Recommendations for Northland Power (TSE:NPI)

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