National Bank Financial reissued their outperform rating on shares of Northland Power (TSE:NPI) in a research note released on Tuesday, March 19th, BayStreet.CA reports. They currently have a C$26.00 price target on the solar energy provider’s stock.
Other equities analysts also recently issued reports about the stock. TD Securities boosted their price target on shares of Northland Power from C$26.00 to C$27.00 and gave the stock a buy rating in a report on Monday, February 25th. Canaccord Genuity upped their price objective on shares of Northland Power from C$27.00 to C$28.00 in a report on Monday, February 25th. Raymond James reaffirmed an outperform rating and set a C$30.00 price objective on shares of Northland Power in a report on Friday, February 22nd. Desjardins increased their price target on shares of Northland Power from C$27.50 to C$27.75 in a report on Wednesday, February 27th. Finally, CIBC lowered their price target on shares of Northland Power from C$27.00 to C$26.00 in a report on Tuesday, January 15th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Northland Power currently has a consensus rating of Buy and a consensus price target of C$27.03.
Shares of TSE NPI traded up C$0.06 during midday trading on Tuesday, reaching C$23.95. The stock had a trading volume of 1,365,200 shares, compared to its average volume of 674,538. The company has a market capitalization of $4.33 billion and a P/E ratio of 16.43. Northland Power has a twelve month low of C$19.91 and a twelve month high of C$26.21. The company has a debt-to-equity ratio of 514.42, a quick ratio of 0.71 and a current ratio of 1.35.
Northland Power (TSE:NPI) last released its quarterly earnings data on Thursday, February 21st. The solar energy provider reported C$0.22 earnings per share for the quarter, missing the consensus estimate of C$0.33 by C($0.11). The firm had revenue of C$380.86 million for the quarter, compared to the consensus estimate of C$409.30 million. Analysts forecast that Northland Power will post 2.00999994323492 earnings per share for the current year.
The business also recently disclosed a monthly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 15th were given a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend was Wednesday, February 27th. Northland Power’s dividend payout ratio (DPR) is 82.30%.
Northland Power Company Profile
Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.
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