Northland Power Inc. (TSE:NPI) Receives C$23.39 Consensus Target Price from Brokerages

by · The Cerbat Gem

Northland Power Inc. (TSE:NPI – Get Free Report) has received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$23.39.

Several brokerages have recently issued reports on NPI. National Bankshares decreased their target price on Northland Power from C$27.00 to C$25.00 in a research report on Friday, November 21st. Desjardins downgraded Northland Power from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. CIBC dropped their target price on shares of Northland Power from C$25.00 to C$24.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. TD Securities lowered shares of Northland Power from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$22.00 to C$19.00 in a research note on Friday, November 21st. Finally, BMO Capital Markets lowered their price target on shares of Northland Power from C$25.00 to C$23.00 in a research report on Friday, November 21st.

Check Out Our Latest Report on NPI

Northland Power Stock Down 0.3%

Shares of TSE NPI opened at C$17.23 on Friday. The firm has a fifty day simple moving average of C$22.31 and a two-hundred day simple moving average of C$22.16. Northland Power has a 12 month low of C$15.96 and a 12 month high of C$25.99. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28. The firm has a market capitalization of C$4.51 billion, a PE ratio of -15.81, a price-to-earnings-growth ratio of 0.71 and a beta of 0.79.

Northland Power (TSE:NPI – Get Free Report) last announced its quarterly earnings results on Thursday, November 13th. The solar energy provider reported C($1.58) earnings per share (EPS) for the quarter. Northland Power had a negative net margin of 5.92% and a negative return on equity of 3.37%. The company had revenue of C$554.48 million for the quarter.

Northland Power Company Profile

(Get Free Report)

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.

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