Northland Power Inc. (TSE:NPI) Given Consensus Rating of “Moderate Buy” by Brokerages

Northland Power Inc. (TSE:NPI) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$29.86.

Several brokerages have recently commented on NPI. Raymond James upgraded Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. CIBC reduced their price objective on shares of Northland Power from C$31.00 to C$29.00 in a research report on Wednesday.

Northland Power Stock Down 1.8 %

TSE:NPI opened at C$18.57 on Thursday. Northland Power has a twelve month low of C$17.68 and a twelve month high of C$25.36. The firm has a market capitalization of C$4.78 billion, a price-to-earnings ratio of 77.38, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53. The stock’s 50 day moving average price is C$19.48 and its two-hundred day moving average price is C$21.58.

Northland Power Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, November 29th. This represents a $1.20 dividend on an annualized basis and a yield of 6.46%. Northland Power’s dividend payout ratio (DPR) is presently 500.00%.

About Northland Power

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.