Northland Power Inc. (TSE:NPI) Given Consensus Recommendation of “Hold” by Brokerages

Northland Power Inc. (TSE:NPI) has been given a consensus rating of “Hold” by the ten ratings firms that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$24.80.

A number of research firms have recently weighed in on NPI. Canadian Imperial Bank of Commerce raised their price target on shares of Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, March 27th. TD Securities raised their price objective on shares of Northland Power from C$21.00 to C$23.00 and gave the company a “hold” rating in a report on Friday, February 27th. Desjardins dropped their price objective on shares of Northland Power from C$24.00 to C$23.00 and set a “hold” rating for the company in a report on Friday, May 15th. National Bank Financial raised their price objective on shares of Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Finally, Raymond James Financial raised their price objective on shares of Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a report on Friday, May 15th.

Northland Power Trading Up 1.1%

NPI opened at C$23.24 on Friday. The company’s 50 day moving average is C$23.03 and its 200-day moving average is C$20.57. Northland Power has a 1-year low of C$15.96 and a 1-year high of C$25.99. The company has a current ratio of 1.16, a quick ratio of 1.23 and a debt-to-equity ratio of 168.64. The company has a market cap of C$6.08 billion, a P/E ratio of -40.77, a PEG ratio of 0.71 and a beta of 0.90.

Northland Power (TSE:NPI) last posted its quarterly earnings results on Thursday, May 14th. The solar energy provider reported C$0.33 earnings per share for the quarter. Northland Power had a negative net margin of 5.52% and a negative return on equity of 3.45%. The company had revenue of C$776.97 million for the quarter.

Northland Power Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were issued a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Thursday, April 30th. Northland Power’s dividend payout ratio (DPR) is -182.46%.

About Northland Power

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. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.