Northland Power Inc. (TSE:NPI) Receives C$27.31 Average PT from Analysts

Northland Power Inc. (TSE:NPI) has earned an average recommendation of “Buy” from the nine research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$27.31.

Several equities research analysts have recently issued reports on the company. TD Securities raised their target price on Northland Power from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Friday, May 10th. CIBC raised their target price on Northland Power from C$26.50 to C$27.00 in a research report on Friday, May 10th. Royal Bank of Canada raised their target price on Northland Power from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a research report on Friday, May 10th. National Bank Financial set a C$26.00 target price on Northland Power and gave the company an “outperform” rating in a research report on Friday, May 10th. Finally, Raymond James reaffirmed an “outperform” rating and set a C$30.00 target price on shares of Northland Power in a research report on Thursday, May 9th.

Shares of Northland Power stock opened at C$24.94 on Tuesday. Northland Power has a 1 year low of C$19.91 and a 1 year high of C$26.21. The firm has a market cap of $4.49 billion and a PE ratio of 15.36. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 491.00.

Northland Power (TSE:NPI) last announced its earnings results on Wednesday, May 8th. The solar energy provider reported C$0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.45 by C$0.33. The business had revenue of C$498.54 million for the quarter, compared to analysts’ expectations of C$473.60 million. Equities analysts expect that Northland Power will post 2.08 earnings per share for the current fiscal year.

Northland Power Company Profile

Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

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Analyst Recommendations for Northland Power (TSE:NPI)

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