North West (TSE:NWC) Share Price Crosses Above 200-Day Moving Average of $38.51

The North West Company Inc. (TSE:NWC)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$38.51 and traded as high as C$38.87. North West shares last traded at C$38.37, with a volume of 80,658 shares.

Analysts Set New Price Targets

A number of analysts have weighed in on NWC shares. Royal Bank of Canada increased their target price on shares of North West from C$38.00 to C$40.00 in a research report on Thursday, April 11th. TD Securities increased their price objective on shares of North West from C$44.00 to C$45.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Jefferies Financial Group upped their price target on shares of North West from C$41.00 to C$43.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$41.20.

North West Stock Down 0.8 %

The company has a current ratio of 2.01, a quick ratio of 0.64 and a debt-to-equity ratio of 57.45. The company has a market cap of C$1.83 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 1.11 and a beta of 0.62. The stock’s 50-day moving average is C$39.14 and its 200-day moving average is C$38.51.

North West (TSE:NWC) last released its quarterly earnings data on Wednesday, April 10th. The company reported C$0.71 earnings per share (EPS) for the quarter. The company had revenue of C$643.11 million for the quarter. North West had a net margin of 5.23% and a return on equity of 19.84%. On average, analysts anticipate that The North West Company Inc. will post 3.3209664 earnings per share for the current fiscal year.

North West Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 29th. Stockholders of record on Thursday, April 18th were issued a dividend of $0.39 per share. The ex-dividend date was Wednesday, April 17th. This represents a $1.56 annualized dividend and a dividend yield of 4.07%. North West’s dividend payout ratio is 58.43%.

Insider Buying and Selling

In other North West news, Senior Officer David Michael Chatyrbok sold 1,000 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of C$39.10, for a total transaction of C$39,098.50. 0.15% of the stock is owned by company insiders.

North West Company Profile

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.