Northland Power Inc. (TSE:NPI) Stock Has Average Price Target of C$24.90 According to Analysts

Shares of Northland Power Inc. (TSE:NPI) have been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$24.90.

Several brokerages have recently weighed in on NPI. Desjardins decreased their price target on Northland Power from C$23.00 to C$22.00 and set a “hold” rating for the company in a research note on Wednesday, July 22nd. TD Securities raised Northland Power from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 14th. ATB Cormark Capital Markets upped their target price on Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Finally, TD raised shares of Northland Power from a “hold” rating to a “buy” rating and set a C$25.00 target price for the company in a research report on Friday, August 14th.

Northland Power Stock Performance

TSE NPI opened at C$22.00 on Friday. The company has a market capitalization of C$5.75 billion, a price-to-earnings ratio of -39.29, a PEG ratio of 0.71 and a beta of 0.87. Northland Power has a twelve month low of C$15.96 and a twelve month high of C$25.99. The stock has a fifty day simple moving average of C$21.45 and a 200 day simple moving average of C$22.31. The company has a quick ratio of 1.23, a current ratio of 1.04 and a debt-to-equity ratio of 164.38.

Northland Power (TSE:NPI) last announced its earnings results on Thursday, August 13th. The solar energy provider reported C($0.24) earnings per share (EPS) for the quarter. The company had revenue of C$2.35 million for the quarter. Northland Power had a negative return on equity of 3.46% and a negative net margin of 5.48%.

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. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.