North West (TSE:NWC) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

The North West Company Inc. (TSE:NWC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$51.55 and traded as high as C$53.86. North West shares last traded at C$53.53, with a volume of 167,166 shares changing hands.

Wall Street Analyst Weigh In

NWC has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce upped their price objective on shares of North West from C$56.00 to C$63.00 in a research report on Thursday, April 9th. TD Securities upgraded shares of North West to a “strong-buy” rating in a research note on Wednesday, May 20th. Royal Bank Of Canada upped their target price on shares of North West from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Finally, BMO Capital Markets upped their target price on shares of North West from C$56.00 to C$63.00 in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat.com, North West presently has an average rating of “Buy” and a consensus target price of C$62.00.

North West Trading Up 3.0%

The stock has a market cap of C$2.54 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.11 and a beta of 0.00. The firm’s 50 day moving average is C$52.14 and its two-hundred day moving average is C$51.55. The company has a quick ratio of 0.64, a current ratio of 2.10 and a debt-to-equity ratio of 54.91.

North West (TSE:NWC) last released its quarterly earnings data on Wednesday, April 8th. The company reported C$0.78 earnings per share for the quarter. The firm had revenue of C$675.55 million for the quarter. North West had a net margin of 5.37% and a return on equity of 17.82%. Equities analysts anticipate that The North West Company Inc. will post 3.4924863 EPS for the current year.

North West Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 24th were paid a dividend of $0.41 per share. The ex-dividend date was Wednesday, April 15th. This represents a $1.64 annualized dividend and a yield of 3.1%. North West’s dividend payout ratio is 56.45%.

About North West

The North West Co Inc is a Canada-based company that is principally engaged in retail business in underserved rural communities and urban neighborhoods. The company provides food, family apparel, housewares, appliances, and outdoor products, with food products accounting for the majority of the company’s revenue. The company also offers services, including post offices, income tax return preparation, money transfers, commercial business sales, and others. Its geographical segment includes Canada and International.