Northland Power Inc. (TSE:NPI) has earned an average rating of “Buy” from the nine research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$26.89.
NPI has been the topic of several recent analyst reports. National Bank Financial decreased their target price on Northland Power from C$27.00 to C$25.00 in a research note on Friday, October 5th. CIBC decreased their target price on Northland Power from C$27.00 to C$26.00 in a research note on Tuesday. Finally, Industrial Alliance Securities downgraded Northland Power from a “strong-buy” rating to a “buy” rating and decreased their target price for the company from C$28.00 to C$26.00 in a research note on Tuesday, October 9th.
Shares of TSE NPI traded up C$0.19 during trading on Friday, hitting C$22.94. The company had a trading volume of 585,700 shares, compared to its average volume of 407,891. The company has a quick ratio of 0.73, a current ratio of 1.11 and a debt-to-equity ratio of 508.26. Northland Power has a 12 month low of C$19.91 and a 12 month high of C$25.33.
Northland Power (TSE:NPI) last posted its quarterly earnings data on Tuesday, November 6th. The solar energy provider reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.22 by C$0.15. The company had revenue of C$350.18 million during the quarter, compared to the consensus estimate of C$360.70 million. On average, research analysts anticipate that Northland Power will post 1.4 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Tuesday, January 15th were issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 5.23%. The ex-dividend date was Friday, December 28th. Northland Power’s dividend payout ratio is presently 72.76%.
About Northland Power
Northland Power Inc develops, builds, owns, and operates green power projects primarily in Canada and Europe. It generates electricity from thermal, wind, solar, hydro, and biomass power plants. As of September 24, 2018, the company owned or had a net economic interest in power producing facilities with a total capacity of approximately 2,029 megawatts.
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