TD Securities Forecasts Strong Price Appreciation for Northland Power (TSE:NPI) Stock

Northland Power (TSE:NPI) had its target price lifted by TD Securities from C$23.00 to C$24.00 in a research report released on Friday morning,BayStreet.CA reports. They currently have a buy rating on the solar energy provider’s stock.

Several other brokerages also recently issued reports on NPI. National Bankshares cut their price objective on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Scotiabank lowered their target price on shares of Northland Power from C$28.00 to C$25.00 in a research note on Thursday, January 30th. Raymond James lowered their target price on shares of Northland Power from C$30.00 to C$29.00 in a research note on Friday. CIBC lowered their target price on shares of Northland Power from C$29.00 to C$28.00 in a research note on Friday. Finally, Cormark lowered their target price on shares of Northland Power from C$25.00 to C$23.50 in a research note on Thursday, January 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$27.21.

Northland Power Trading Up 4.6 %

Shares of Northland Power stock opened at C$19.87 on Friday. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23. Northland Power has a 1 year low of C$16.14 and a 1 year high of C$24.88. The company has a market capitalization of C$5.21 billion, a P/E ratio of -36.40, a P/E/G ratio of 0.71 and a beta of 0.47. The business has a 50 day moving average price of C$17.88 and a 200 day moving average price of C$20.08.

Northland Power Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 6.04%. Northland Power’s dividend payout ratio is presently -219.84%.

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.