Northland Power Inc. (NPI) Receives C$27.03 Consensus Price Target from Analysts

Shares of Northland Power Inc. (TSE:NPI) have been assigned a consensus rating of “Buy” from the nine research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$27.03.

A number of research analysts have weighed in on the company. Desjardins increased their target price on Northland Power from C$27.50 to C$27.75 in a report on Wednesday, February 27th. National Bank Financial increased their target price on Northland Power from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Tuesday, February 5th. TD Securities increased their target price on Northland Power from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Monday, February 25th. Canaccord Genuity increased their target price on Northland Power from C$27.00 to C$28.00 in a report on Monday, February 25th. Finally, CIBC increased their target price on Northland Power from C$26.00 to C$26.50 in a report on Monday, February 25th.

Shares of TSE:NPI traded down C$0.01 during midday trading on Thursday, reaching C$23.25. 214,543 shares of the company’s stock traded hands, compared to its average volume of 611,147. The company has a market cap of $4.19 billion and a P/E ratio of 15.95. The company has a debt-to-equity ratio of 514.42, a current ratio of 1.35 and a quick ratio of 0.71. Northland Power has a one year low of C$19.91 and a one year high of C$26.21.

Northland Power (TSE:NPI) last announced its quarterly earnings results on Thursday, February 21st. The solar energy provider reported C$0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.33 by C($0.11). The firm had revenue of C$380.86 million during the quarter, compared to analysts’ expectations of C$409.30 million. On average, sell-side analysts anticipate that Northland Power will post 2.03741013057295 earnings per share for the current year.

The business also recently declared a monthly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 15th were given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date was Wednesday, February 27th. Northland Power’s payout ratio is 82.30%.

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.

See Also: Retained Earnings

Analyst Recommendations for Northland Power (TSE:NPI)

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