North West (TSE:NWC) Stock Passes Above 200 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 Thursday . The stock has a 200-day moving average of C$51.40 and traded as high as C$52.26. North West shares last traded at C$51.61, with a volume of 113,962 shares traded.

Wall Street Analyst Weigh In

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

North West Stock Down 0.7%

The firm’s 50-day simple moving average is C$52.37 and its 200 day simple moving average is C$51.40. The company has a market cap of C$2.45 billion, a P/E ratio of 17.98, a PEG ratio of 1.11 and a beta of 0.12. The company has a debt-to-equity ratio of 54.91, a quick ratio of 0.64 and a current ratio of 2.10.

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

North West Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 24th were given a dividend of $0.41 per share. The ex-dividend date was Wednesday, April 15th. This represents a $1.64 annualized dividend and a dividend yield of 3.2%. North West’s payout ratio is presently 56.45%.

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.