BMO Capital Markets Issues Pessimistic Forecast for North West (TSE:NWC) Stock Price

North West (TSE:NWC) had its price target reduced by BMO Capital Markets from C$63.00 to C$59.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 23.02% from the company’s current price.

Several other research analysts have also recently weighed in on NWC. Royal Bank Of Canada cut 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 report on Thursday. TD Securities raised shares of North West to a “strong-buy” rating in a research report on Wednesday, May 20th. Finally, Canadian Imperial Bank of Commerce decreased their price target on shares of North West from C$63.00 to C$58.00 and set an “outperform” rating on the stock in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$59.33.

North West Stock Down 3.8%

Shares of TSE NWC traded down C$1.87 during mid-day trading on Thursday, reaching C$47.96. 282,214 shares of the company’s stock traded hands, compared to its average volume of 153,425. The stock has a market cap of C$2.28 billion, a P/E ratio of 16.71, a PEG ratio of 1.11 and a beta of 0.00. The business has a 50-day simple moving average of C$52.01 and a 200 day simple moving average of C$51.66. North West has a 1-year low of C$44.63 and a 1-year high of C$56.77. The company has a debt-to-equity ratio of 54.91, a current ratio of 2.10 and a quick ratio of 0.64.

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