NorthWestern (NASDAQ:NWE) Reaches New 1-Year High - Here's Why

Key Points

• NorthWestern Corporation (NASDAQ:NWE) shares reached a new 52-week high of $60.13 during trading, closing at $60.05 with a volume of 62,845 shares.
• Analysts have given the stock a consensus rating of Moderate Buy, with a target price of $56.00 according to Weiss Ratings.
• In its latest quarterly earnings, NorthWestern reported $0.44 earnings per share and revenue of $335.07 million, showing a net margin of 14.76%.

NorthWestern Corporation (NASDAQ:NWE - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $60.13 and last traded at $60.05, with a volume of 62845 shares traded. The stock had previously closed at $59.27.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "buy (b-)" rating on shares of NorthWestern in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

NorthWestern Stock Performance

The company has a current ratio of 0.75, a quick ratio of 0.52 and a debt-to-equity ratio of 1.05. The business's 50 day simple moving average is $57.31. The firm has a market capitalization of $3.74 billion, a PE ratio of 16.59, a P/E/G ratio of 2.41 and a beta of 0.39.

NorthWestern (NASDAQ:NWE - Get Free Report) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.44 earnings per share for the quarter. The business had revenue of $335.07 million for the quarter. NorthWestern had a net margin of 14.76% and a return on equity of 7.30%.

About NorthWestern

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.

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