North West (TSE:NWC) Given New C$58.00 Price Target at Canadian Imperial Bank of Commerce

North West (TSE:NWC – Get Free Report) had its target price decreased by equities researchers at Canadian Imperial Bank of Commerce from C$63.00 to C$58.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Canadian Imperial Bank of Commerce’s price objective would suggest a potential upside of 20.93% from the stock’s current price.

A number of other brokerages have also issued reports on NWC. Royal Bank Of Canada dropped their price objective on shares of North West from C$63.00 to C$61.00 and set an “outperform” rating for the company in a report on Thursday. TD Securities upgraded North West to a “strong-buy” rating in a research note on Wednesday, May 20th. Finally, BMO Capital Markets upped their price target on North West from C$56.00 to C$63.00 in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$59.33.

Get North West alerts:

Check Out Our Latest Stock Report on North West

North West Stock Down 3.8%

NWC traded down C$1.87 during trading on Thursday, reaching C$47.96. 282,214 shares of the stock were exchanged, compared to its average volume of 153,425. The company has a debt-to-equity ratio of 54.91, a quick ratio of 0.64 and a current ratio of 2.10. The stock’s 50 day moving average price is C$52.01 and its two-hundred day moving average price is C$51.66. North West has a twelve month low of C$44.63 and a twelve month high of C$56.77. The stock has a market cap of C$2.28 billion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 1.11 and a beta of 0.00.

North West (TSE:NWC – Get Free Report) last released its quarterly earnings data on Wednesday, April 8th. The company reported C$0.78 EPS for the quarter. The firm had revenue of C$675.55 million during the quarter. North West had a net margin of 5.37% and a return on equity of 17.82%. Equities analysts expect that North West will post 3.4924863 EPS for the current year.

About North West

(Get Free Report)

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.

Further Reading

• Five stocks we like better than North West
• Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
• NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
• The World Cup Is Coming—These 3 Stocks Could Cash In
• Spotify’s “North Star” Outlook Was Music to Investors Ears

Receive News & Ratings for North West Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for North West and related companies with MarketBeat.com's FREE daily email newsletter.