North West (TSE:NWC) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of The North West Company Inc. (TSE:NWC) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$51.80 and traded as low as C$50.70. North West shares last traded at C$51.58, with a volume of 112,410 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NWC shares. Royal Bank Of Canada reduced their price objective on shares of North West from C$63.00 to C$61.00 and set an “outperform” rating for the company in a research note on Thursday, June 11th. TD Securities upgraded shares of North West to a “strong-buy” rating in a research note on Wednesday, May 20th. BMO Capital Markets dropped their target price on shares of North West from C$63.00 to C$59.00 and set an “outperform” rating on the stock in a report on Thursday, June 11th. Finally, Canadian Imperial Bank of Commerce dropped their target price on shares of North West from C$63.00 to C$58.00 and set an “outperform” rating on the stock in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$59.33.

North West Trading Up 1.6%

The company has a quick ratio of 0.64, a current ratio of 2.12 and a debt-to-equity ratio of 57.01. The firm has a market capitalization of C$2.45 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 1.11 and a beta of 0.10. The business has a 50-day moving average of C$50.57 and a two-hundred day moving average of C$51.80.

North West (TSE:NWC) last posted its quarterly earnings results on Tuesday, June 9th. The company reported C$0.56 EPS for the quarter. North West had a return on equity of 17.73% and a net margin of 5.45%.The firm had revenue of C$631.63 million during the quarter. Research analysts predict that The North West Company Inc. will post 3.4924863 EPS for the current fiscal year.

North West Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a dividend of $0.41 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.2%. North West’s payout ratio is currently 56.21%.

North West Company Profile

The North West Company Inc, through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 230 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CDN$2.6 billion.