Shares of Northland Power Inc. (TSE:NPI - Get Free Report) have received an average recommendation of "Moderate Buy" from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$30.14.
Separately, Raymond James upgraded Northland Power to a "moderate buy" rating in a research note on Friday, November 15th.
Get Our Latest Report on Northland Power
Northland Power Stock Performance
Shares of NPI traded down C$0.11 during mid-day trading on Wednesday, hitting C$20.01. 634,202 shares of the company traded hands, compared to its average volume of 1,120,797. The stock has a market cap of C$5.16 billion, a price-to-earnings ratio of 83.83, a P/E/G ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86. Northland Power has a 1 year low of C$19.09 and a 1 year high of C$25.36. The stock has a 50-day moving average price of C$21.61 and a two-hundred day moving average price of C$22.57.
Northland Power Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.20 annualized dividend and a dividend yield of 6.00%. Northland Power's dividend payout ratio is presently 500.00%.
About Northland Power
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Get Free ReportNorthland 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.
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