North West (TSE:NWC) Shares Pass Above 200-Day Moving Average – Here’s Why

The North West Company Inc. (TSE:NWC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$51.40 and traded as high as C$52.26. North West shares last traded at C$51.61, with a volume of 113,962 shares traded.

Analyst Ratings Changes

A number of brokerages recently commented on NWC. Canadian Imperial Bank of Commerce lifted their price objective on North West from C$56.00 to C$63.00 in a research report on Thursday, April 9th. BMO Capital Markets lifted their price objective on North West from C$56.00 to C$63.00 in a research report on Thursday, April 9th. Royal Bank Of Canada lifted their price objective on North West from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Finally, TD Securities upgraded North West to a “strong-buy” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$62.00.

North West Price Performance

The company has a quick ratio of 0.64, a current ratio of 2.10 and a debt-to-equity ratio of 54.91. The company has a market cap of C$2.46 billion, a PE ratio of 18.04, a P/E/G ratio of 1.11 and a beta of 0.12. The stock has a 50-day simple moving average of C$52.32 and a 200 day simple moving average of C$51.40.

North West (TSE:NWC) last posted its 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 company had revenue of C$675.55 million for the quarter. Equities analysts expect that The North West Company Inc. will post 3.4924863 EPS for the current year.

North West Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 24th were given a $0.41 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $1.64 dividend on an annualized basis and a yield of 3.2%. North West’s payout ratio is currently 56.45%.

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.