Brokerages Set Northland Power Inc. (TSE:NPI) PT at C$27.21

Shares of Northland Power Inc. (TSE:NPI) have received an average rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$27.21.

A number of research firms have recently commented on NPI. Raymond James lowered their target price on Northland Power from C$30.00 to C$29.00 in a research report on Friday, February 28th. National Bankshares decreased their target price on shares of Northland Power from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Cormark dropped their price target on Northland Power from C$25.00 to C$23.50 in a research report on Thursday, January 30th. CIBC reduced their price objective on Northland Power from C$29.00 to C$28.00 in a research note on Friday, February 28th. Finally, TD Securities raised their price objective on Northland Power from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Friday, February 28th.

Northland Power Price Performance

Shares of Northland Power stock opened at C$20.05 on Tuesday. The firm has a market cap of C$5.26 billion, a PE ratio of -36.73, a PEG ratio of 0.71 and a beta of 0.47. The stock has a 50 day moving average of C$18.34 and a 200 day moving average of C$19.67. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28. Northland Power has a 12 month low of C$16.14 and a 12 month high of C$24.88.

Northland Power Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.10 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 5.99%. Northland Power’s dividend payout ratio (DPR) is presently -219.84%.

About Northland Power

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.