Northland Power Inc. (TSE:NPI - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$16.91 and last traded at C$17.38, with a volume of 1836617 shares changing hands. The stock had previously closed at C$17.52.
Analysts Set New Price Targets
A number of research analysts have weighed in on NPI shares. Raymond James upgraded shares of Northland Power to a "moderate buy" rating in a research report on Friday, November 15th. CIBC reduced their price target on Northland Power from C$31.00 to C$29.00 in a report on Wednesday, January 8th. Scotiabank decreased their price objective on shares of Northland Power from C$28.00 to C$25.00 in a report on Thursday. National Bankshares dropped their target price on shares of Northland Power from C$35.00 to C$34.00 in a research report on Wednesday, January 15th. Finally, Cormark reduced their price target on shares of Northland Power from C$25.00 to C$23.50 in a research report on Thursday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$28.56.
Check Out Our Latest Report on Northland Power
Northland Power Price Performance
The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23. The stock has a 50 day simple moving average of C$18.65 and a two-hundred day simple moving average of C$20.95. The company has a market cap of C$4.37 billion, a price-to-earnings ratio of 70.63, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47.
Northland Power Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 7.08%. Northland Power's dividend payout ratio (DPR) is currently 500.00%.
About Northland Power
(
Get Free Report)
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.
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