Northland Power (TSE:NPI) Given New C$29.00 Price Target at Raymond James

Northland Power (TSE:NPI) had its target price cut by Raymond James from C$30.00 to C$29.00 in a research report report published on Friday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. CIBC reduced their price target on Northland Power from C$31.00 to C$29.00 in a research note on Wednesday, January 8th. Scotiabank reduced their price target on Northland Power from C$28.00 to C$25.00 in a research note on Thursday, January 30th. National Bankshares reduced their price target on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Finally, Cormark reduced their price target on Northland Power from C$25.00 to C$23.50 in a research note on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Northland Power presently has an average rating of “Moderate Buy” and a consensus price target of C$27.21.

Northland Power Price Performance

NPI opened at C$19.87 on Friday. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. Northland Power has a 52-week low of C$16.14 and a 52-week high of C$24.88. The stock has a market capitalization of C$5.21 billion, a PE ratio of -36.40, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The stock’s 50 day moving average price is C$17.88 and its 200-day moving average price is C$20.08.

Northland Power Dividend Announcement

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

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.