Canadian Imperial Bank of Commerce Increases North West (TSE:NWC) Price Target to C$63.00

Key Points

• Canadian Imperial Bank of Commerce raised its price target on North West (TSE:NWC) to C$63.00 from C$56.00, implying about a 13.7% upside
• North West traded at C$55.42 (down 0.3%); the company reported quarterly EPS of C$0.78 and revenue of C$675.6M, with a market cap of C$2.65B and a P/E of 18.85.
• The North West Co. operates retail stores in underserved rural and urban communities where food accounts for the majority of sales, and sell-side analysts expect roughly C$3.49 EPS for the current year.

North West (TSE:NWC - Get Free Report) had its price target lifted by analysts at Canadian Imperial Bank of Commerce from C$56.00 to C$63.00 in a research report issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce's price objective would indicate a potential upside of 13.68% from the stock's current price.

A number of other brokerages have also weighed in on NWC. Royal Bank Of Canada raised their price objective on shares of North West from C$58.00 to C$60.00 and gave the company an "outperform" rating in a report on Tuesday. BMO Capital Markets reduced their price objective on shares of North West from C$57.00 to C$56.00 and set an "outperform" rating on the stock in a report on Thursday, December 11th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$62.25.

North West Stock Down 0.3%

North West stock traded down C$0.18 during mid-day trading on Thursday, reaching C$55.42. 112,975 shares of the company's stock were exchanged, compared to its average volume of 144,341. The company has a market cap of C$2.65 billion, a P/E ratio of 18.85, a P/E/G ratio of 1.11 and a beta of 0.15. North West has a twelve month low of C$44.63 and a twelve month high of C$57.95. The company has a quick ratio of 0.64, a current ratio of 2.26 and a debt-to-equity ratio of 60.08. The company has a fifty day moving average of C$54.12 and a 200-day moving average of C$50.18.

North West (TSE:NWC - Get Free Report) last released its earnings results on Wednesday, April 8th. The company reported C$0.78 earnings per share (EPS) for the quarter. The company had revenue of C$675.55 million for the quarter. North West had a net margin of 5.51% and a return on equity of 18.44%. Sell-side analysts expect that North West will post 3.4924863 EPS 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.

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