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

Northland Power Inc. (TSE:NPI) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$27.21.

Several equities research analysts recently commented on NPI shares. Raymond James reduced their price target on shares of Northland Power from C$30.00 to C$29.00 in a research report on Friday, February 28th. CIBC decreased their target price on Northland Power from C$29.00 to C$28.00 in a research report on Friday, February 28th. TD Securities upped their price target on Northland Power from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Cormark decreased their price objective on Northland Power from C$25.00 to C$23.50 in a research report on Thursday, January 30th. Finally, Scotiabank dropped their target price on Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th.

Northland Power Price Performance

NPI stock opened at C$19.67 on Tuesday. Northland Power has a one year low of C$16.14 and a one year high of C$24.88. The firm has a 50-day moving average of C$18.35 and a two-hundred day moving average of C$19.66. The firm has a market capitalization of C$5.16 billion, a PE ratio of -36.04, a P/E/G ratio of 0.71 and a beta of 0.47. 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 Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.20 annualized dividend and a dividend yield of 6.10%. Northland Power’s dividend payout ratio is -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.