North West (TSE:NWC) Share Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• North West's share price crossed above its 200-day moving average (200‑day MA C$50.71), trading as high as C$51.63 and last at C$50.95 on volume of 129,199 shares.
• Analysts have raised price targets—CIBC and BMO to C$63 and RBC to C$60—resulting in a MarketBeat consensus Buy rating with an average target of C$62.00.
• The company reported quarterly EPS of C$0.78 on C$675.55M revenue and pays a quarterly dividend of $0.41 (annualized C$1.64) for a 3.2% yield and a 56.45% payout ratio.

The North West Company Inc. (TSE:NWC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$50.71 and traded as high as C$51.63. North West shares last traded at C$50.95, with a volume of 129,199 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NWC shares. Canadian Imperial Bank of Commerce upped their price objective on shares of North West from C$56.00 to C$63.00 in a report on Thursday, April 9th. Royal Bank Of Canada increased their price objective on North West from C$58.00 to C$60.00 and gave the company an "outperform" rating in a report on Tuesday, April 7th. Finally, BMO Capital Markets raised their price objective on North West from C$56.00 to C$63.00 in a research note on Thursday, April 9th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, North West has a consensus rating of "Buy" and an average target price of C$62.00.

North West Price Performance

The stock's 50-day moving average price is C$54.14 and its 200 day moving average price is C$50.71. The company has a quick ratio of 0.64, a current ratio of 2.10 and a debt-to-equity ratio of 54.91. The firm has a market cap of C$2.42 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.11 and a beta of 0.15.

North West (TSE:NWC - Get Free Report) last released its quarterly earnings data 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 business had revenue of C$675.55 million for the quarter. Equities research analysts predict that The North West Company Inc. will post 3.4924863 earnings per share for the current year.

North West Announces Dividend

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

About North West

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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