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

Shares of Northland Power Inc. (TSE:NPI) have been given an average rating of “Hold” by the ten research firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$24.80.

Several brokerages recently commented on NPI. Raymond James Financial upped their target price on Northland Power from C$25.50 to C$26.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce upped their target price on Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday, March 27th. ATB Cormark Capital Markets upped their target price on Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday, May 15th. National Bank Financial upped their target price on 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, Desjardins reduced their target price on Northland Power from C$24.00 to C$23.00 and set a “hold” rating on the stock in a report on Friday, May 15th.

Northland Power Stock Performance

TSE:NPI opened at C$22.87 on Thursday. The stock has a market cap of C$5.98 billion, a P/E ratio of -40.12, a price-to-earnings-growth ratio of 0.71 and a beta of 0.81. 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 stock’s 50-day moving average is C$23.17 and its 200-day moving average is C$20.86. Northland Power has a 1-year low of C$15.96 and a 1-year high of C$25.99.

Northland Power (TSE:NPI) last released 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 return on equity of 3.45% and a negative net margin of 5.52%.The company had revenue of C$776.97 million for the quarter.

Northland Power Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, June 30th. Northland Power’s dividend payout ratio is presently -182.46%.

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