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

Northland Power Inc. (TSE:NPI) has been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$30.14.

Separately, Raymond James raised Northland Power to a “moderate buy” rating in a report on Friday, November 15th.

Northland Power Stock Down 0.5 %

NPI opened at C$20.12 on Wednesday. The company has a fifty day moving average of C$21.61 and a two-hundred day moving average of C$22.57. The stock has a market capitalization of C$5.18 billion, a price-to-earnings ratio of 83.83, a PEG ratio of 0.71 and a beta of 0.47. Northland Power has a fifty-two week low of C$19.09 and a fifty-two week high of C$25.36. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86.

Northland Power Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date is Friday, November 29th. Northland Power’s dividend payout ratio (DPR) is 500.00%.

Northland Power Company Profile

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.