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

The North West Company Inc. (TSE:NWC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$51.39 and traded as high as C$52.86. North West shares last traded at C$52.09, with a volume of 91,836 shares changing hands.

Analyst Upgrades and Downgrades

NWC has been the subject of several recent research reports. BMO Capital Markets reduced their target price on shares of North West from C$63.00 to C$59.00 and set an “outperform” rating for the company in a report on Thursday, June 11th. Canadian Imperial Bank of Commerce lifted their price target on shares of North West from C$58.00 to C$62.00 and gave the company an “outperformer” rating in a research note on Thursday, September 10th. Finally, Royal Bank Of Canada cut their price target on shares of North West from C$63.00 to C$61.00 and set an “outperform” rating on the stock in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$60.67.

North West Price Performance

The stock has a market cap of C$2.48 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 1.11 and a beta of -0.01. The company has a 50-day simple moving average of C$50.29 and a two-hundred day simple moving average of C$51.40. The company has a debt-to-equity ratio of 57.00, a quick ratio of 0.64 and a current ratio of 1.84.

North West (TSE:NWC) last released its quarterly earnings data on Tuesday, September 8th. The company reported C$0.76 EPS for the quarter. North West had a return on equity of 17.50% and a net margin of 5.40%.The company had revenue of C$681.96 million during the quarter. As a group, equities research analysts forecast that The North West Company Inc. will post 3.4924863 EPS for the current year.

North West Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th will be paid a $0.42 dividend. This is an increase from North West’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, September 29th. North West’s dividend payout ratio is 56.16%.

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.