North West (TSE:NWC) Stock Passes Above Two Hundred Day Moving Average of $39.53

The North West Company Inc. (TSE:NWC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$39.53 and traded as high as C$42.33. North West shares last traded at C$42.14, with a volume of 19,796 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. TD Securities increased their target price on North West from C$45.00 to C$47.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. CIBC increased their target price on North West from C$43.00 to C$44.00 and gave the stock a “neutral” rating in a report on Thursday, June 6th. Jefferies Financial Group increased their target price on North West from C$41.00 to C$43.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. BMO Capital Markets increased their target price on North West from C$41.00 to C$44.00 in a report on Thursday, June 6th. Finally, Royal Bank of Canada increased their target price on North West from C$38.00 to C$40.00 in a report on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$43.60.

North West Price Performance

The company has a market cap of C$2.01 billion, a P/E ratio of 15.78, a PEG ratio of 1.11 and a beta of 0.62. The company has a fifty day moving average price of C$39.99 and a two-hundred day moving average price of C$39.53. The company has a debt-to-equity ratio of 57.45, a quick ratio of 0.64 and a current ratio of 2.01.

North West (TSE:NWC) last announced its quarterly earnings data on Wednesday, June 5th. The company reported C$0.53 earnings per share for the quarter, missing the consensus estimate of C$0.54 by C($0.01). The company had revenue of C$617.52 million during the quarter. North West had a net margin of 5.23% and a return on equity of 19.84%. On average, sell-side analysts anticipate that The North West Company Inc. will post 3.3474801 earnings per share for the current fiscal year.

North West Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Friday, June 28th. North West’s payout ratio is 58.43%.

Insider Buying and Selling

In related 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 transaction of C$223,321.00. In related 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 transaction of C$223,321.00. Also, Senior Officer Walter Pickett sold 767 shares of North West stock in a transaction dated Monday, June 10th. The stock was sold at an average price of C$42.64, for a total value of C$32,704.88. Over the last 90 days, insiders sold 12,662 shares of company stock worth $536,113. Company insiders own 0.10% 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.