North West (TSE:NWC) Shares Cross Above 200 Day Moving Average – What’s Next?

The North West Company Inc. (TSE:NWCGet Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$45.61 and traded as high as C$53.45. North West shares last traded at C$53.43, with a volume of 102,411 shares traded.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NWC. Royal Bank of Canada lifted their target price on shares of North West from C$40.00 to C$47.00 in a research note on Friday, September 6th. TD Securities boosted their target price on North West from C$52.00 to C$59.00 in a report on Friday, September 6th. Finally, BMO Capital Markets lifted their price objective on North West from C$44.00 to C$56.00 in a research report on Friday, September 6th.

Get Our Latest Research Report on NWC

North West Stock Performance

The firm has a market capitalization of C$2.53 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. The company has a quick ratio of 0.64, a current ratio of 2.22 and a debt-to-equity ratio of 60.00. The firm has a 50-day moving average price of C$52.19 and a 200 day moving average price of C$45.81.

North West (TSE:NWCGet Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The company reported C$0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.71 by C$0.02. North West had a return on equity of 19.76% and a net margin of 5.25%. The business had revenue of C$646.49 million for the quarter. Research analysts expect that The North West Company Inc. will post 3.4924863 earnings per share for the current year.

North West Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.40 dividend. The ex-dividend date was Monday, September 30th. This is an increase from North West’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.02%. North West’s dividend payout ratio is currently 58.39%.

Insiders Place Their Bets

In related news, Senior Officer John King sold 4,554 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of C$52.80, for a total transaction of C$240,451.20. Also, Senior Officer Cole James Ashley Akerstream sold 1,899 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of C$52.67, for a total value of C$100,020.33. Insiders sold 29,365 shares of company stock valued at $1,531,575 in the last ninety days. Insiders own 0.12% of the company’s stock.

North West Company Profile

(Get Free Report)

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.

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