Northland Power (TSE:NPI) Price Target Raised to C$51.00

Northland Power (TSE:NPIGet Rating) had its target price lifted by CSFB from C$50.00 to C$51.00 in a research report sent to investors on Wednesday, BayStreet.CA reports.

Several other research analysts have also issued reports on NPI. BMO Capital Markets upgraded Northland Power to a buy rating and dropped their price objective for the stock from C$44.00 to C$41.00 in a research note on Monday, January 17th. Tudor Pickering & Holt set a C$43.00 price objective on Northland Power and gave the stock a buy rating in a research note on Thursday, February 10th. ATB Capital lowered their target price on Northland Power from C$52.00 to C$50.00 and set an outperform rating for the company in a research note on Wednesday, February 9th. CIBC raised their target price on Northland Power from C$42.00 to C$43.00 and gave the company an outperform rating in a research note on Monday, February 28th. Finally, Raymond James set a C$50.00 target price on Northland Power and gave the company an outperform rating in a research note on Monday, February 28th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of C$46.71.

Northland Power stock opened at C$40.26 on Wednesday. The company has a debt-to-equity ratio of 276.77, a current ratio of 1.01 and a quick ratio of 0.76. The stock has a fifty day moving average price of C$40.37 and a two-hundred day moving average price of C$38.73. Northland Power has a 52-week low of C$34.95 and a 52-week high of C$44.20. The firm has a market capitalization of C$9.13 billion and a P/E ratio of 49.28.

Northland Power (TSE:NPIGet Rating) last released its quarterly earnings data on Thursday, February 24th. The solar energy provider reported C$0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.31 by C($0.04). The business had revenue of C$640.09 million during the quarter, compared to analysts’ expectations of C$557.00 million. On average, equities research analysts predict that Northland Power will post 1.5000001 EPS for the current fiscal year.

The company also recently disclosed a monthly dividend, which was paid on Monday, April 18th. Investors of record on Monday, April 18th were given a $0.10 dividend. The ex-dividend date was Wednesday, March 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.98%. Northland Power’s payout ratio is 110.16%.

About Northland Power (Get Rating)

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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