Northland Power (TSE:NPI) Shares Cross Above 200 Day Moving Average of $25.24

Northland Power Inc. (TSE:NPI)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.24 and traded as high as $26.28. Northland Power shares last traded at $26.26, with a volume of 151,834 shares changing hands.

A number of equities research analysts have commented on NPI shares. Raymond James set a C$32.00 price objective on shares of Northland Power and gave the company a “strong-buy” rating in a research report on Thursday. CIBC increased their price objective on shares of Northland Power from C$27.00 to C$27.50 in a research report on Friday, August 9th. Royal Bank of Canada increased their price objective on shares of Northland Power from C$25.00 to C$27.00 and gave the company a “sector perform” rating in a research report on Thursday, September 19th. BMO Capital Markets reissued an “outperform” rating and issued a C$30.00 price objective on shares of Northland Power in a research report on Thursday, September 19th. Finally, National Bank Financial reissued an “outperform” rating and issued a C$28.00 price objective on shares of Northland Power in a research report on Thursday, September 19th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Northland Power has an average rating of “Buy” and an average price target of C$28.66.

The company has a debt-to-equity ratio of 523.24, a quick ratio of 0.49 and a current ratio of 0.90. The stock’s 50-day simple moving average is C$25.82 and its 200 day simple moving average is C$25.27. The company has a market capitalization of $4.69 billion and a PE ratio of 16.57.

Northland Power (TSE:NPI) last posted its earnings results on Wednesday, August 7th. The solar energy provider reported C$0.28 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.18 by C$0.10. The company had revenue of C$343.82 million during the quarter, compared to analysts’ expectations of C$348.65 million. On average, analysts expect that Northland Power Inc. will post 2.0399999 earnings per share for the current year.

The business also recently announced a monthly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend was Friday, September 27th. Northland Power’s dividend payout ratio (DPR) is 73.94%.

Northland Power Company Profile (TSE:NPI)

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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