BMO Capital Markets Has Lowered Expectations for North West (TSE:NWC) Stock Price

North West (TSE:NWC) had its price target lowered by stock analysts at BMO Capital Markets from C$57.00 to C$56.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 16.23% from the company’s previous close.

NWC has been the topic of several other reports. CIBC decreased their target price on shares of North West from C$59.00 to C$58.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 10th. Royal Bank Of Canada decreased their price target on shares of North West from C$60.00 to C$58.00 and set an “outperform” rating on the stock in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$58.75.

North West Stock Performance

North West stock traded up C$0.81 during mid-day trading on Thursday, hitting C$48.18. 155,638 shares of the company’s stock traded hands, compared to its average volume of 138,994. North West has a one year low of C$44.48 and a one year high of C$57.95. The company has a market cap of C$2.30 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.11 and a beta of -0.03. The firm has a 50 day moving average price of C$47.25 and a 200 day moving average price of C$48.87. The company has a quick ratio of 0.64, a current ratio of 2.16 and a debt-to-equity ratio of 59.78.

North West (TSE:NWC) last posted its quarterly earnings data on Tuesday, December 9th. The company reported C$0.82 EPS for the quarter. North West had a net margin of 5.14% and a return on equity of 18.43%. The company had revenue of C$634.32 million during the quarter. On average, equities analysts forecast that North West will post 3.4924863 EPS for the current year.

North West Company Profile

The North West Co Inc is a Canada-based company that is principally engaged in retail business in underserved rural communities and urban neighborhoods. The company provides food, family apparel, housewares, appliances, and outdoor products, with food products accounting for the majority of the company’s revenue.