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

Shares of Northland Power Inc. (TSE:NPI) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$29.71.

A number of equities analysts have recently commented on the stock. National Bankshares decreased their price target on shares of Northland Power from C$35.00 to C$34.00 in a report on Wednesday. Raymond James raised Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. Finally, CIBC lowered their price target on Northland Power from C$31.00 to C$29.00 in a research report on Wednesday, January 8th.

Northland Power Stock Down 0.9 %

Shares of TSE NPI opened at C$18.14 on Thursday. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53. The business has a 50-day moving average of C$19.25 and a 200-day moving average of C$21.43. The firm has a market capitalization of C$4.67 billion, a price-to-earnings ratio of 75.58, a PEG ratio of 0.71 and a beta of 0.47. Northland Power has a 12 month low of C$17.68 and a 12 month high of C$25.36.

Northland Power Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.20 annualized dividend and a dividend yield of 6.62%. Northland Power’s dividend payout ratio is currently 500.00%.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.