Northland Power Inc. (NPI) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Northland Power Inc. (TSE:NPI) have earned an average rating of “Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$27.31.

A number of equities analysts recently issued reports on NPI shares. Raymond James restated an “outperform” rating and issued a C$30.00 target price on shares of Northland Power in a report on Friday, February 22nd. Canaccord Genuity lifted their target price on Northland Power from C$27.00 to C$28.00 in a report on Monday, February 25th. National Bank Financial restated an “outperform” rating and issued a C$26.00 target price on shares of Northland Power in a report on Tuesday, March 19th. CIBC lifted their target price on Northland Power from C$26.00 to C$26.50 in a report on Monday, February 25th. Finally, TD Securities lifted their target price on Northland Power from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Monday, February 25th.

Shares of TSE NPI opened at C$25.08 on Friday. The company has a debt-to-equity ratio of 491.00, a quick ratio of 0.83 and a current ratio of 1.33. The firm has a market capitalization of $4.57 billion and a P/E ratio of 15.44. Northland Power has a 52-week low of C$19.91 and a 52-week high of C$26.21.

Northland Power (TSE:NPI) last issued its earnings results on Thursday, February 21st. The solar energy provider reported C$0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.33 by C($0.11). The company had revenue of C$380.86 million during the quarter, compared to analyst estimates of C$409.30 million. As a group, research analysts expect that Northland Power will post 2 EPS for the current fiscal year.

About Northland Power

Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

See Also: How to Trade Using Analysts Ratings

Analyst Recommendations for Northland Power (TSE:NPI)

Receive News & Ratings for Northland Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northland Power and related companies with MarketBeat.com's FREE daily email newsletter.