NorthWestern (NASDAQ:NWE) Shares Down 0.7% - Should You Sell?

Key Points

• NorthWestern Corporation (NASDAQ:NWE) experienced a 0.7% decline in midday trading, with shares last priced at $57.07 after previously closing at $57.50.
• Equities analysts have issued mixed ratings, with one analyst downgrading the stock to a "hold" rating and setting a price target of $56.00, while another upgraded the rating from "sell" to "hold".
• In its latest earnings report, NorthWestern reported $0.40 EPS, surpassing analysts' expectations, with revenue of $342.70 million for the quarter, above the forecast of $333.62 million.

NorthWestern Corporation (NASDAQ:NWE - Get Free Report)'s stock price fell 0.7% during trading on Thursday . The company traded as low as $57.02 and last traded at $57.07. 845,383 shares traded hands during mid-day trading, an increase of 53% from the average session volume of 551,821 shares. The stock had previously closed at $57.50.

Analyst Upgrades and Downgrades

NWE has been the subject of a number of research reports. Wall Street Zen raised shares of NorthWestern from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. LADENBURG THALM/SH SH lowered NorthWestern from a "strong-buy" rating to a "hold" rating and set a $56.00 price objective on the stock. in a report on Monday, June 2nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, NorthWestern currently has an average rating of "Hold" and an average target price of $56.00.

NorthWestern Stock Performance

The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.52. The firm has a market capitalization of $3.57 billion, a P/E ratio of 15.84, a PEG ratio of 2.34 and a beta of 0.35. The stock has a 50-day simple moving average of $53.64.

NorthWestern (NASDAQ:NWE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. NorthWestern had a net margin of 14.76% and a return on equity of 7.30%. The company had revenue of $342.70 million for the quarter, compared to the consensus estimate of $333.62 million.

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.