North West (TSE:NWC) Rating Increased to Strong-Buy at TD Securities

North West (TSE:NWC) was upgraded by research analysts at TD Securities to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Several other equities analysts have also issued reports on NWC. Royal Bank Of Canada increased their target price on North West from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. BMO Capital Markets increased their price target on North West from C$56.00 to C$63.00 in a research report on Thursday, April 9th. Finally, Canadian Imperial Bank of Commerce increased their price target on North West from C$56.00 to C$63.00 in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat, North West presently has a consensus rating of “Buy” and an average target price of C$62.00.

North West Price Performance

NWC opened at C$51.68 on Wednesday. The stock’s 50-day moving average price is C$52.70 and its 200 day moving average price is C$51.16. North West has a 12-month low of C$44.63 and a 12-month high of C$57.95. 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 firm has a market cap of C$2.45 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.11 and a beta of 0.12.

North West (TSE:NWC) last posted its earnings results on Wednesday, April 8th. The company reported C$0.78 earnings per share (EPS) 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 for the quarter. As a group, sell-side analysts expect that North West will post 3.4924863 earnings per share for the current year.

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.