North West (TSE:NWC) Rating Increased to Strong-Buy at TD Securities

North West (TSE:NWC) was upgraded by stock analysts at TD Securities to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Canadian Imperial Bank of Commerce upped their price target on North West from C$56.00 to C$63.00 in a research note on Thursday, April 9th. BMO Capital Markets upped their price target on North West from C$56.00 to C$63.00 in a research note on Thursday, April 9th. Finally, Royal Bank Of Canada upped their price target on North West from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. One research 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, the company has an average rating of “Buy” and an average target price of C$62.00.

North West Stock Performance

Shares of North West stock opened at C$51.68 on Wednesday. North West has a 52 week low of C$44.63 and a 52 week high of C$57.95. The business’s fifty day simple moving average is C$52.70 and its 200-day simple moving average is C$51.16. The firm has a market cap of C$2.45 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 1.11 and a beta of 0.12. The company has a quick ratio of 0.64, a current ratio of 2.10 and a debt-to-equity ratio of 54.91.

North West (TSE:NWC) last announced its quarterly earnings results on Wednesday, April 8th. The company reported C$0.78 EPS for the quarter. North West had a return on equity of 17.82% and a net margin of 5.37%.The business had revenue of C$675.55 million for the quarter. Equities analysts forecast that North West will post 3.4924863 earnings per share for the current year.

About North West

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. The company also offers services, including post offices, income tax return preparation, money transfers, commercial business sales, and others. Its geographical segment includes Canada and International.