North West (TSE:NWC) Given New C$62.00 Price Target at Canadian Imperial Bank of Commerce

Key Points

• Canadian Imperial Bank of Commerce raised North West’s price target to C$62.00 from C$58.00 while maintaining an “outperformer” rating, implying 19.41% upside from the reported share price.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average target price of C$60.67. Recent ratings include one Strong Buy and three Buy recommendations.
• North West shares fell 1.9% to C$51.92 in Thursday trading. The company recently reported quarterly EPS of C$0.76 and revenue of C$681.96 million.

North West (TSE:NWC - Get Free Report) had its target price upped by Canadian Imperial Bank of Commerce from C$58.00 to C$62.00 in a research report issued on Thursday, BayStreet reports. The firm currently has an "outperformer" rating on the stock. Canadian Imperial Bank of Commerce's price target suggests a potential upside of 19.41% from the company's current price.

NWC has been the subject of several other research reports. Royal Bank Of Canada decreased their price target on 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. BMO Capital Markets reduced their price objective on 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. Finally, TD Securities raised North West to a "strong-buy" rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$60.67.

North West Stock Down 1.9%

NWC stock traded down C$1.03 during trading on Thursday, hitting C$51.92. 193,105 shares of the stock traded hands, compared to its average volume of 140,018. The stock has a market cap of C$2.46 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 1.11 and a beta of -0.01. The company has a debt-to-equity ratio of 57.00, a current ratio of 1.84 and a quick ratio of 0.64. North West has a 1 year low of C$44.63 and a 1 year high of C$56.77. The firm's 50 day moving average is C$50.00 and its two-hundred day moving average is C$51.56.

North West (TSE:NWC - Get Free Report) last issued its earnings results on Tuesday, September 8th. The company reported C$0.76 earnings per share (EPS) for the quarter. North West had a net margin of 5.40% and a return on equity of 17.50%. The business had revenue of C$681.96 million during the quarter. On average, sell-side analysts anticipate that North West will post 3.4924863 EPS for the current year.

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.

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