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

Key Points

• North West shares broke above their 200-day moving average, reaching C$53.99 and closing at C$53.68 versus the C$51.31 average.
• Analysts remain broadly optimistic, with a consensus “Buy” rating and a C$60.67 price target, despite mixed target-price revisions.
• The company reported C$0.76 in quarterly EPS on C$681.96 million in revenue and raised its quarterly dividend to C$0.42 per share, equivalent to a 3.1% yield.

The North West Company Inc. (TSE:NWC - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$51.31 and traded as high as C$53.99. North West shares last traded at C$53.68, with a volume of 146,091 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BMO Capital Markets decreased their target price on North West from C$63.00 to C$59.00 and set an "outperform" rating on the stock in a research report on Thursday, June 11th. Canadian Imperial Bank of Commerce increased their target price on shares of North West from C$58.00 to C$62.00 and gave the stock an "outperformer" rating in a report on Thursday, September 10th. Finally, Royal Bank Of Canada reduced their price target on shares of North West from C$63.00 to C$61.00 and set an "outperform" rating on the stock in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$60.67.

North West Stock Performance

The company has a debt-to-equity ratio of 57.00, a quick ratio of 0.64 and a current ratio of 1.84. The company has a market cap of C$2.54 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 1.11 and a beta of -0.01. The company has a fifty day moving average of C$50.46 and a two-hundred day moving average of C$51.31.

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

North West Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.1%. This is an increase from North West's previous quarterly dividend of $0.41. The ex-dividend date is Tuesday, September 29th. North West's dividend payout ratio (DPR) is presently 56.16%.

About North West

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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