Northland Power Inc. (TSE:NPI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Northland Power Inc. (TSE:NPI - Get Free Report) has been given an average recommendation of "Moderate Buy" by the five research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$27.21.

NPI has been the topic of a number of research analyst reports. Cormark lowered their price target on Northland Power from C$25.00 to C$23.50 in a research note on Thursday, January 30th. Scotiabank reduced their price objective on Northland Power from C$28.00 to C$25.00 in a research report on Thursday, January 30th. TD Securities lifted their target price on shares of Northland Power from C$23.00 to C$24.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. CIBC lowered their price target on Northland Power from C$29.00 to C$28.00 in a report on Friday, February 28th. Finally, National Bankshares cut their target price on Northland Power from C$34.00 to C$32.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th.

Northland Power Price Performance

Shares of NPI stock traded down C$0.38 on Tuesday, reaching C$19.67. 827,918 shares of the company were exchanged, compared to its average volume of 1,166,267. The company has a market cap of C$5.16 billion, a price-to-earnings ratio of -36.04, a P/E/G ratio of 0.71 and a beta of 0.47. Northland Power has a 1 year low of C$16.14 and a 1 year high of C$24.88. The business has a 50-day moving average price of C$18.34 and a 200 day moving average price of C$19.67. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17.

Northland Power Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend is Monday, March 31st. Northland Power's dividend payout ratio (DPR) is -219.84%.

Northland Power Company Profile

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term.