Northland Power Inc. (TSE:NPI) Receives C$23.17 Consensus Target Price from Brokerages

Northland Power Inc. (TSE:NPI) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$23.17.

A number of brokerages have recently issued reports on NPI. TD Securities downgraded Northland Power from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$22.00 to C$19.00 in a research report on Friday, November 21st. National Bankshares dropped their target price on Northland Power from C$27.00 to C$25.00 in a research note on Friday, November 21st. ATB Capital reduced their target price on Northland Power from C$23.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 23rd. BMO Capital Markets decreased their price target on Northland Power from C$25.00 to C$23.00 in a research note on Friday, November 21st. Finally, CIBC boosted their price target on Northland Power from C$22.00 to C$23.00 in a research note on Wednesday, December 17th.

Insider Buying and Selling

In related news, insider Christine Healy bought 30,000 shares of the company’s stock in a transaction on Thursday, November 27th. The shares were bought at an average price of C$16.71 per share, with a total value of C$501,300.00. Following the transaction, the insider owned 30,000 shares in the company, valued at approximately C$501,300. This trade represents a ? increase in their ownership of the stock. In the last ninety days, insiders have purchased 33,425 shares of company stock valued at $545,461. 0.09% of the stock is owned by company insiders.

Northland Power Stock Performance

NPI stock opened at C$18.89 on Monday. Northland Power has a one year low of C$15.96 and a one year high of C$25.99. The firm has a market cap of C$4.94 billion, a price-to-earnings ratio of -17.33, a PEG ratio of 0.71 and a beta of 0.81. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. The firm has a 50-day simple moving average of C$17.76 and a two-hundred day simple moving average of C$21.41.

Northland Power (TSE:NPI) last posted its quarterly earnings data on Thursday, November 13th. The solar energy provider reported C($1.58) EPS for the quarter. Northland Power had a negative return on equity of 3.37% and a negative net margin of 5.92%.The firm had revenue of C$554.48 million for the quarter.

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.