Northland Power Inc. (TSE:NPI) Receives C$49.44 Average PT from Analysts

Northland Power Inc. (TSE:NPIGet Rating) has earned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$49.52.

Several research firms recently commented on NPI. ATB Capital raised their price target on shares of Northland Power from C$50.00 to C$53.00 in a research report on Monday, August 15th. BMO Capital Markets raised their price target on shares of Northland Power from C$44.00 to C$50.00 in a research report on Friday, August 12th. Credit Suisse Group raised their price target on shares of Northland Power to C$53.00 in a research report on Wednesday, August 24th. Raymond James increased their price objective on shares of Northland Power from C$50.00 to C$52.00 and gave the company an “outperform” rating in a report on Friday, August 12th. Finally, CIBC increased their price objective on shares of Northland Power from C$48.00 to C$49.00 in a report on Friday, September 16th.

Northland Power Stock Down 2.6 %

NPI stock opened at C$42.70 on Friday. The firm has a market cap of C$10.06 billion and a PE ratio of 17.57. The company has a debt-to-equity ratio of 186.75, a quick ratio of 0.99 and a current ratio of 1.28. The firm’s fifty day moving average is C$43.67 and its 200 day moving average is C$41.00. Northland Power has a one year low of C$34.95 and a one year high of C$47.13.

Northland Power Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 15th were given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Tuesday, August 30th. Northland Power’s payout ratio is currently 49.38%.

Northland Power Company Profile

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Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in North America, Europe, Latin America, and Asia. The company produces electricity from renewable resources, such as wind, solar, or hydropower, 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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