North West (TSE:NWC) Price Target Raised to C$62.00

North West (TSE:NWC – Free Report) had its target price boosted by Canadian Imperial Bank of Commerce from C$58.00 to C$62.00 in a research report report published on Thursday morning,BayStreet reports. They currently have an outperformer rating on the stock.

Several other equities research analysts have also issued reports on NWC. TD Securities upgraded shares of North West to a “strong-buy” rating in a report on Wednesday, May 20th. Royal Bank Of Canada reduced their price objective on shares of North West from C$63.00 to C$61.00 and set an “outperform” rating on the stock in a research report on Thursday, June 11th. Finally, BMO Capital Markets dropped their target price on North West from C$63.00 to C$59.00 and set an “outperform” rating for the company in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$60.67.

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North West Stock Down 1.0%

Shares of NWC opened at C$51.67 on Thursday. The company has a market cap of C$2.44 billion, a PE ratio of 17.70, a P/E/G ratio of 1.11 and a beta of -0.01. The business has a fifty day moving average of C$50.10 and a 200 day moving average of C$51.54. North West has a 52-week low of C$44.63 and a 52-week high of C$56.77. The company has a quick ratio of 0.64, a current ratio of 1.84 and a debt-to-equity ratio of 57.00.

North West (TSE:NWC – Get Free Report) last posted its quarterly earnings data on Tuesday, September 8th. The company reported C$0.76 earnings per share for the quarter. North West had a net margin of 5.40% and a return on equity of 17.50%. The business had revenue of C$681.96 million for the quarter. On average, sell-side analysts expect that North West will post 3.4924863 EPS for the current year.

North West Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, June 30th. North West’s dividend payout ratio (DPR) is 56.16%.

About North West

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The North West Company Inc, through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 230 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CDN$2.6 billion.

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