Northland Power (TSE:NPI) PT Raised to C$27.00

Northland Power (TSE:NPI) had its target price boosted by Royal Bank of Canada from C$25.00 to C$27.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the solar energy provider’s stock.

A number of other research analysts also recently commented on NPI. National Bank Financial reiterated an outperform rating and set a C$27.00 target price on shares of Northland Power in a research report on Tuesday, September 10th. BMO Capital Markets restated an outperform rating and issued a C$30.00 price target on shares of Northland Power in a research report on Thursday. CIBC raised their price target on Northland Power from C$27.00 to C$27.50 in a research report on Friday, August 9th. Raymond James restated a strong-buy rating and issued a C$30.50 price target on shares of Northland Power in a research report on Thursday, August 8th. Finally, TD Securities raised their price target on Northland Power from C$28.00 to C$29.00 in a research report on Wednesday, July 17th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Northland Power has a consensus rating of Buy and an average price target of C$28.19.

TSE NPI opened at C$25.02 on Thursday. The company has a debt-to-equity ratio of 523.24, a quick ratio of 0.49 and a current ratio of 0.90. The company has a market capitalization of $4.51 billion and a P/E ratio of 15.42. Northland Power has a one year low of C$19.91 and a one year high of C$26.32. The stock has a 50 day moving average price of C$25.16 and a 200-day moving average price of C$24.90.

Northland Power (TSE:NPI) last posted its earnings results on Wednesday, August 7th. The solar energy provider reported C$0.28 EPS for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.10. The firm had revenue of C$343.82 million for the quarter, compared to the consensus estimate of C$348.65 million. As a group, equities analysts predict that Northland Power will post 2.01 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.20 dividend on an annualized basis and a yield of 4.80%. Northland Power’s dividend payout ratio is presently 73.94%.

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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Analyst Recommendations for Northland Power (TSE:NPI)

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