North West (TSE:NWC) Stock Passes Above 200-Day Moving Average - Here's Why

Key Points

• North West shares rose above their 200-day moving average, reaching C$52.86 and last trading at C$52.09, compared with the C$51.39 200-day average.
• Analysts maintain a positive outlook, with a consensus “Buy” rating and average price target of C$60.67. Recent target changes ranged from C$59 to C$62.
• The company increased its quarterly dividend to C$0.42 per share, implying an annualized C$1.68 payout and a 3.2% yield; its latest quarter included C$681.96 million in revenue and C$0.76 EPS.

The North West Company Inc. (TSE:NWC - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$51.39 and traded as high as C$52.86. North West shares last traded at C$52.09, with a volume of 91,836 shares traded.

Wall Street Analysts Forecast Growth

NWC has been the topic of a number of research reports. Canadian Imperial Bank of Commerce raised their target price on shares of North West from C$58.00 to C$62.00 and gave the company an "outperformer" rating in a research report on Thursday, September 10th. Royal Bank Of Canada lowered their price target on shares of North West from C$63.00 to C$61.00 and set an "outperform" rating for the company in a research report on Thursday, June 11th. Finally, BMO Capital Markets dropped their price objective on shares of North West from C$63.00 to C$59.00 and set an "outperform" rating on the stock in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$60.67.

North West Price Performance

The company has a market cap of C$2.46 billion, a PE ratio of 17.84, a PEG ratio of 1.11 and a beta of -0.01. The company has a debt-to-equity ratio of 57.00, a current ratio of 1.84 and a quick ratio of 0.64. The stock's 50-day moving average is C$50.27 and its 200 day moving average is C$51.39.

North West (TSE:NWC - Get Free Report) last announced its quarterly earnings data on Tuesday, September 8th. The company reported C$0.76 EPS for the quarter. North West had a net margin of 5.40% and a return on equity of 17.50%. The firm had revenue of C$681.96 million during the quarter. On average, equities analysts anticipate that The North West Company Inc. will post 3.4924863 earnings per share for the current fiscal year.

North West Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 15th will be given a dividend of $0.42 per share. This is an increase from North West's previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, September 29th. North West's dividend payout ratio (DPR) is 56.16%.

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.

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