North West (TSE:NWC) Price Target Raised to C$62.00 at Canadian Imperial Bank of Commerce

North West (TSE:NWC) had its price target increased by investment analysts at Canadian Imperial Bank of Commerce from C$58.00 to C$62.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage presently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s target price indicates a potential upside of 19.41% from the company’s previous close.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada cut their target price 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, June 11th. BMO Capital Markets dropped their price target 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. Finally, TD Securities upgraded North West to a “strong-buy” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$60.67.

North West Price Performance

Shares of North West stock traded down C$1.03 during trading on Thursday, reaching C$51.92. 193,105 shares of the stock traded hands, compared to its average volume of 140,018. The company has a market capitalization of C$2.46 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 1.11 and a beta of -0.01. The business has a fifty day simple moving average of C$50.00 and a two-hundred day simple moving average of C$51.56. The company has a debt-to-equity ratio of 57.00, a current ratio of 1.84 and a quick ratio of 0.64. North West has a 52-week low of C$44.63 and a 52-week high of C$56.77.

North West (TSE:NWC) last posted its earnings results on Tuesday, September 8th. The company reported C$0.76 EPS for the quarter. The company had revenue of C$681.96 million for the quarter. North West had a return on equity of 17.50% and a net margin of 5.40%. Sell-side analysts expect that North West will post 3.4924863 EPS for the current year.

North West Company Profile

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.