Northland Power (TSE:NPI) had its target price lifted by TD Securities from C$40.00 to C$42.00 in a research note released on Monday morning, BayStreet.CA reports. They currently have a buy rating on the solar energy provider’s stock.
Other analysts have also issued reports about the stock. CIBC raised their price objective on shares of Northland Power from C$36.00 to C$38.00 in a research note on Monday. Royal Bank of Canada raised their price target on shares of Northland Power from C$33.00 to C$37.00 and gave the company a sector perform rating in a research report on Monday. AltaCorp Capital reaffirmed a sector perform rating on shares of Northland Power in a research report on Monday, July 6th. BMO Capital Markets increased their target price on Northland Power from C$33.00 to C$36.00 in a research note on Thursday, June 25th. Finally, National Bank Financial boosted their price target on Northland Power from C$37.50 to C$39.00 and gave the stock a sector perform rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Northland Power has a consensus rating of Buy and an average price target of C$38.33.
Shares of TSE:NPI opened at C$36.37 on Monday. The stock has a fifty day simple moving average of C$35.89 and a two-hundred day simple moving average of C$31.54. The stock has a market capitalization of $7.45 billion and a price-to-earnings ratio of 18.71. Northland Power has a 12-month low of C$20.52 and a 12-month high of C$37.73. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 466.27.
Northland Power (TSE:NPI) last issued its quarterly earnings results on Wednesday, August 12th. The solar energy provider reported C$0.26 earnings per share for the quarter, beating the consensus estimate of C$0.22 by C$0.04. The company had revenue of C$429.23 million for the quarter, compared to the consensus estimate of C$442.00 million. As a group, equities research analysts predict that Northland Power will post 1.8999999 EPS for the current year.
In related news, Director John Wycliffe Brace sold 226,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of C$33.01, for a total value of C$7,461,277.00. Following the sale, the director now owns 226,026 shares in the company, valued at C$7,462,135.38.
About Northland Power
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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