North West (TSE:NWC) Share Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• North West shares fell below their 200-day moving average of C$51.58, reaching C$48.91 before closing at C$49.10, down 0.6%.
• Analysts remain broadly positive, with one Strong Buy and three Buy ratings. However, TD Securities upgraded the stock while RBC, CIBC, and BMO lowered their price targets; the consensus target is C$59.33.
• The company reported quarterly revenue of C$681.96 million and EPS of C$0.76, and maintains a quarterly dividend of C$0.41 per share, implying a 3.3% annualized yield.

The North West Company Inc. (TSE:NWC - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$51.58 and traded as low as C$48.91. North West shares last traded at C$49.10, with a volume of 123,203 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. TD Securities raised shares of North West to a "strong-buy" rating in a report on Wednesday, May 20th. Royal Bank Of Canada dropped their target price on shares of North West from C$63.00 to C$61.00 and set an "outperform" rating on the stock in a report on Thursday, June 11th. Canadian Imperial Bank of Commerce cut their target price on shares of North West from C$63.00 to C$58.00 and set an "outperform" rating for the company in a research report on Thursday, June 11th. Finally, BMO Capital Markets decreased their target price on shares of North West from C$63.00 to C$59.00 and set an "outperform" rating for the company in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat, North West presently has an average rating of "Buy" and a consensus target price of C$59.33.

North West Trading Down 0.6%

The stock has a fifty day moving average of C$49.93 and a 200 day moving average of C$51.58. The company has a market capitalization of C$2.33 billion, a P/E ratio of 16.93, a PEG ratio of 1.11 and a beta of -0.01. The company has a debt-to-equity ratio of 57.01, a quick ratio of 0.64 and a current ratio of 2.12.

North West (TSE:NWC - Get Free Report) last issued its quarterly earnings results on Tuesday, September 8th. The company reported C$0.76 EPS for the quarter. North West had a return on equity of 17.73% and a net margin of 5.45%.The business had revenue of C$681.96 million during the quarter. As a group, equities research analysts anticipate that The North West Company Inc. will post 3.4924863 EPS for the current fiscal year.

North West Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.41 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.64 dividend on an annualized basis and a yield of 3.3%. North West's dividend payout ratio (DPR) is presently 56.21%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.