North West (TSE:NWC) Price Target Increased to C$59.00 by Analysts at TD Securities

North West (TSE:NWC) had its price objective boosted by TD Securities from C$52.00 to C$59.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

A number of other research firms have also issued reports on NWC. BMO Capital Markets upped their price target on North West from C$41.00 to C$44.00 in a research report on Thursday, June 6th. CIBC raised their target price on North West from C$43.00 to C$44.00 and gave the stock a neutral rating in a research note on Thursday, June 6th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, North West currently has a consensus rating of Hold and an average price target of C$49.80.

North West Stock Up 3.6 %

TSE NWC opened at C$50.70 on Friday. North West has a one year low of C$29.58 and a one year high of C$51.05. The company has a debt-to-equity ratio of 60.46, a quick ratio of 0.64 and a current ratio of 2.14. The business has a fifty day moving average price of C$44.21 and a 200 day moving average price of C$41.16. The company has a market cap of C$2.41 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.11 and a beta of 0.63.

North West (TSE:NWC) last posted its quarterly earnings results on Wednesday, September 4th. The company reported C$0.73 earnings per share for the quarter, topping the consensus estimate of C$0.71 by C$0.02. North West had a net margin of 5.37% and a return on equity of 20.19%. The firm had revenue of C$646.49 million for the quarter. Research analysts anticipate that North West will post 3.3071325 EPS for the current fiscal year.

North West Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.16%. The ex-dividend date is Monday, September 30th. This is a positive change from North West’s previous quarterly dividend of $0.39. North West’s dividend payout ratio (DPR) is 56.32%.

Insider Activity

In related news, Senior Officer Walter Pickett sold 767 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of C$42.64, for a total transaction of C$32,704.88. In other North West news, Senior Officer John King sold 5,230 shares of North West stock in a transaction dated Friday, June 14th. The stock was sold at an average price of C$42.70, for a total value of C$223,321.00. Also, Senior Officer Walter Pickett sold 767 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of C$42.64, for a total transaction of C$32,704.88. In the last three months, insiders have sold 11,662 shares of company stock valued at $497,015. Company insiders own 0.12% of the company’s stock.

About North West

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.