Several other brokerages have also recently weighed in on NPI. National Bank Financial raised their price objective on Northland Power from C$25.00 to C$26.00 and gave the company an outperform rating in a report on Tuesday, February 5th. CIBC raised their price objective on Northland Power from C$26.00 to C$26.50 in a report on Monday, February 25th. Raymond James restated an outperform rating and issued a C$30.00 price objective on shares of Northland Power in a report on Friday, February 22nd. Finally, TD Securities raised their price objective on Northland Power from C$26.00 to C$27.00 and gave the company a buy rating in a report on Monday, February 25th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Northland Power currently has an average rating of Buy and an average price target of C$27.03.
NPI stock traded down C$0.01 during trading hours on Monday, reaching C$25.74. 419,155 shares of the stock were exchanged, compared to its average volume of 462,559. The stock has a market cap of $4.64 billion and a PE ratio of 17.65. The company has a current ratio of 1.35, a quick ratio of 0.71 and a debt-to-equity ratio of 514.42. Northland Power has a 12 month low of C$19.91 and a 12 month high of C$25.94.
Northland Power (TSE:NPI) last released its earnings results on Thursday, February 21st. The solar energy provider reported C$0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.33 by C($0.11). The business had revenue of C$380.86 million during the quarter, compared to analysts’ expectations of C$409.30 million. On average, analysts forecast that Northland Power will post 2.1600001838298 earnings per share for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 15th will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.66%. The ex-dividend date is Wednesday, February 27th. Northland Power’s payout ratio is 82.30%.
Northland Power Company Profile
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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