North West (TSE:NWC) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of The North West Company Inc. (TSE:NWC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$51.55 and traded as high as C$53.86. North West shares last traded at C$53.53, with a volume of 167,166 shares changing hands.

Analysts Set New Price Targets

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

North West Stock Performance

The company has a 50-day moving average price of C$52.14 and a two-hundred day moving average price of C$51.55. The company has a current ratio of 2.10, a quick ratio of 0.64 and a debt-to-equity ratio of 54.91. The stock has a market capitalization of C$2.54 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 1.11 and a beta of 0.00.

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

North West Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 24th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, April 15th. North West’s payout ratio is presently 56.45%.

About North West

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.