Shares of Northland Power Inc. (TSE:NPI) have earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$27.53.
A number of research firms have weighed in on NPI. TD Securities reduced their target price on Total Energy Services from C$11.50 to C$10.00 and set a “hold” rating for the company in a report on Friday, May 10th. CIBC lifted their target price on Quebecor from C$34.00 to C$35.00 in a report on Friday, May 10th. BMO Capital Markets reaffirmed a “buy” rating on shares of Gran Tierra Energy in a report on Wednesday, June 26th. National Bank Financial lifted their target price on TransAlta Renewables from C$13.00 to C$13.25 and gave the company a “sector perform” rating in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed a “sell” rating on shares of CI Financial in a report on Friday, May 10th.
Shares of TSE NPI traded down C$0.23 during mid-day trading on Friday, reaching C$25.52. 384,000 shares of the company’s stock were exchanged, compared to its average volume of 626,729. The firm has a market cap of $4.60 billion and a price-to-earnings ratio of 15.71. Northland Power has a 52 week low of C$19.91 and a 52 week high of C$26.32. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 491.00. The stock has a 50-day moving average price of C$25.34.
Northland Power (TSE:NPI) last announced its quarterly earnings data on Wednesday, May 8th. The solar energy provider reported C$0.78 earnings per share for the quarter, topping the consensus estimate of C$0.45 by C$0.33. The firm had revenue of C$498.54 million during the quarter, compared to analysts’ expectations of C$473.60 million. On average, analysts expect that Northland Power will post 2.0799999 earnings per share for the current fiscal year.
In other news, Director John Wycliffe Brace sold 121,600 shares of Northland Power stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$25.52, for a total transaction of C$3,102,806.40. Following the completion of the sale, the director now owns 502,026 shares in the company, valued at approximately C$12,809,946.43.
Northland Power Company Profile
Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. 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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