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.
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
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