Shares of Northland Power Inc. (TSE:NPI – Get Rating) have been assigned a consensus rating of "Moderate Buy" from the twelve research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$49.52.
A number of research firms have issued reports on NPI. Credit Suisse Group boosted their target price on Northland Power to C$53.00 in a research note on Wednesday, August 24th. BMO Capital Markets upped their target price on Northland Power from C$44.00 to C$50.00 in a research report on Friday, August 12th. CSFB increased their price target on Northland Power from C$51.00 to C$53.00 in a research report on Wednesday, August 24th. ATB Capital increased their price target on Northland Power from C$50.00 to C$53.00 in a research report on Monday, August 15th. Finally, Royal Bank of Canada raised their target price on Northland Power from C$46.00 to C$48.00 and gave the company a "sector perform" rating in a report on Monday, August 15th.
Get Northland Power alerts:Northland Power Stock Down 0.6 %
Shares of Northland Power stock opened at C$44.75 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 186.75. Northland Power has a 12 month low of C$34.95 and a 12 month high of C$47.13. The business has a fifty day simple moving average of C$43.29 and a 200 day simple moving average of C$40.91. The stock has a market cap of C$10.54 billion and a PE ratio of 18.42.
Northland Power Announces Dividend
The company also recently declared a monthly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 15th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, August 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.68%. Northland Power's dividend payout ratio (DPR) 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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