Northland Power (TSE:NPI) Given New C$23.00 Price Target at Desjardins
by Tristan Rich · The Markets DailyNorthland Power (TSE:NPI – Get Free Report) had its price target increased by equities researchers at Desjardins from C$21.00 to C$23.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the solar energy provider’s stock. Desjardins’ price objective suggests a potential downside of 2.62% from the company’s previous close.
A number of other equities analysts have also recently commented on the stock. TD Securities lifted their price objective on shares of Northland Power from C$21.00 to C$23.00 and gave the stock a “hold” rating in a research note on Friday, February 27th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$23.50.
Check Out Our Latest Analysis on NPI
Northland Power Price Performance
Shares of TSE:NPI traded up C$0.57 on Friday, reaching C$23.62. The company’s stock had a trading volume of 323,017 shares, compared to its average volume of 1,062,198. Northland Power has a 52-week low of C$15.96 and a 52-week high of C$25.99. The company has a market cap of C$6.18 billion, a P/E ratio of -36.34, a PEG ratio of 0.71 and a beta of 0.78. The company has a 50-day simple moving average of C$22.07 and a 200 day simple moving average of C$20.83. The company has a debt-to-equity ratio of 176.80, a quick ratio of 1.23 and a current ratio of 1.07.
Northland Power (TSE:NPI – Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The solar energy provider reported C$0.93 EPS for the quarter. Northland Power had a negative net margin of 6.69% and a negative return on equity of 3.92%. The business had revenue of C$725.26 million during the quarter.
Northland Power Company Profile
Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.