Northland Power (TSE:NPI) Price Target Lowered to C$29.00 at CIBC

Northland Power (TSE:NPI) had its price target reduced by CIBC from C$30.00 to C$29.00 in a research report released on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the solar energy provider’s stock.

NPI has been the topic of several other reports. Raymond James reduced their target price on Northland Power from C$35.00 to C$32.00 and set a strong-buy rating on the stock in a report on Friday, February 23rd. BMO Capital Markets dropped their price objective on shares of Northland Power from C$31.00 to C$30.00 and set an outperform rating for the company in a research report on Thursday, February 22nd. Finally, National Bankshares boosted their price objective on shares of Northland Power from C$32.00 to C$34.00 and gave the stock an outperform rating in a research report on Tuesday, January 9th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Northland Power has a consensus rating of Buy and a consensus price target of C$32.13.

Northland Power Stock Down 1.2 %

TSE NPI opened at C$20.74 on Friday. The company has a market capitalization of C$5.30 billion, a price-to-earnings ratio of -28.81, a PEG ratio of 0.71 and a beta of 0.45. The company has a current ratio of 1.13, a quick ratio of 1.23 and a debt-to-equity ratio of 165.58. Northland Power has a 1-year low of C$19.36 and a 1-year high of C$34.14. The stock’s 50 day moving average is C$22.72 and its two-hundred day moving average is C$22.80.

Northland Power (TSE:NPI) last announced its earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) EPS for the quarter, missing the consensus estimate of C$0.43 by C($0.92). The business had revenue of C$626.22 million during the quarter, compared to analyst estimates of C$614.15 million. Northland Power had a negative return on equity of 2.09% and a negative net margin of 7.85%. Equities analysts forecast that Northland Power will post 1.1793651 earnings per share for the current fiscal year.

Northland Power Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date of this dividend is Monday, April 29th. Northland Power’s dividend payout ratio is currently -166.67%.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.