North West (TSE:NWC) Stock Passes Above 200 Day Moving Average – What’s Next?

The North West Company Inc. (TSE:NWC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$51.40 and traded as high as C$52.26. North West shares last traded at C$51.61, with a volume of 113,962 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on NWC. Canadian Imperial Bank of Commerce raised their price target on North West from C$56.00 to C$63.00 in a research report on Thursday, April 9th. BMO Capital Markets raised their price target on North West from C$56.00 to C$63.00 in a research report on Thursday, April 9th. Royal Bank Of Canada raised their price target on North West from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Finally, TD Securities raised North West to a “strong-buy” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$62.00.

North West Trading Down 0.7%

The company has a quick ratio of 0.64, a current ratio of 2.10 and a debt-to-equity ratio of 54.91. The business has a 50-day moving average of C$52.37 and a two-hundred day moving average of C$51.40. The firm has a market capitalization of C$2.45 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 1.11 and a beta of 0.12.

North West (TSE:NWC) last released its quarterly earnings data on Wednesday, April 8th. The company reported C$0.78 earnings per share for the quarter. The company had revenue of C$675.55 million for the quarter. North West had a return on equity of 17.82% and a net margin of 5.37%. Research analysts predict that The North West Company Inc. will post 3.4924863 EPS for the current fiscal year.

North West Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 24th were paid a $0.41 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.2%. North West’s payout ratio is 56.45%.

North West Company Profile

The North West Co Inc is a Canada-based company that is principally engaged in retail business in underserved rural communities and urban neighborhoods. The company provides food, family apparel, housewares, appliances, and outdoor products, with food products accounting for the majority of the company’s revenue. The company also offers services, including post offices, income tax return preparation, money transfers, commercial business sales, and others. Its geographical segment includes Canada and International.