National Bankshares Cuts Northland Power (TSE:NPI) Price Target to C$50.00

Northland Power (TSE:NPI) had its target price trimmed by National Bankshares from C$52.00 to C$50.00 in a research note released on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the solar energy provider’s stock.

A number of other equities analysts have also recently weighed in on the stock. CIBC decreased their price objective on shares of Northland Power from C$49.00 to C$47.00 in a research report on Friday. ATB Capital upped their target price on shares of Northland Power from C$53.00 to C$55.00 and gave the company an outperform rating in a research note on Thursday, April 22nd. TD Securities upped their target price on shares of Northland Power from C$55.00 to C$56.00 and gave the company a buy rating in a research note on Thursday, April 22nd. Royal Bank of Canada cut their target price on shares of Northland Power from C$51.00 to C$45.00 and set a sector perform rating on the stock in a research note on Friday. Finally, CSFB set a C$56.00 target price on shares of Northland Power and gave the company an outperform rating in a research note on Thursday, May 13th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Northland Power currently has an average rating of Buy and an average price target of C$50.02.

Shares of Northland Power stock opened at C$38.33 on Friday. The company has a fifty day moving average price of C$43.12 and a 200 day moving average price of C$44.79. The company has a current ratio of 1.18, a quick ratio of 0.97 and a debt-to-equity ratio of 355.15. Northland Power has a twelve month low of C$29.51 and a twelve month high of C$51.45. The stock has a market cap of C$8.63 billion and a price-to-earnings ratio of 31.84.

Northland Power (TSE:NPI) last posted its quarterly earnings data on Monday, February 22nd. The solar energy provider reported C$0.11 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.20). The business had revenue of C$492.83 million for the quarter, compared to the consensus estimate of C$516.00 million. Analysts forecast that Northland Power will post 1.7599999 earnings per share for the current year.

The company also recently declared a monthly dividend, which was paid on Monday, May 17th. Shareholders of record on Friday, April 30th were paid a $0.10 dividend. The ex-dividend date was Thursday, April 29th. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. Northland Power’s payout ratio is currently 99.67%.

About Northland Power

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 hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

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Analyst Recommendations for Northland Power (TSE:NPI)

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