North West (TSE:NWC) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

The North West Company Inc. (TSE:NWC) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$51.80 and traded as low as C$50.70. North West shares last traded at C$51.58, with a volume of 112,410 shares.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. BMO Capital Markets decreased their price target on shares of North West from C$63.00 to C$59.00 and set an “outperform” rating on the stock in a research note on Thursday, June 11th. Royal Bank Of Canada cut their price objective on shares of North West from C$63.00 to C$61.00 and set an “outperform” rating for the company in a research report on Thursday, June 11th. Canadian Imperial Bank of Commerce reduced their price objective on North West from C$63.00 to C$58.00 and set an “outperform” rating for the company in a report on Thursday, June 11th. Finally, TD Securities raised North West to a “strong-buy” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$59.33.

North West Trading Up 0.1%

The company has a debt-to-equity ratio of 57.01, a current ratio of 2.12 and a quick ratio of 0.64. The business’s 50-day moving average is C$50.60 and its 200 day moving average is C$51.80. The firm has a market capitalization of C$2.45 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 1.11 and a beta of 0.10.

North West (TSE:NWC) last posted its quarterly earnings data on Tuesday, June 9th. The company reported C$0.56 earnings per share (EPS) for the quarter. North West had a net margin of 5.45% and a return on equity of 17.73%. The firm had revenue of C$631.63 million during the quarter. As a group, analysts anticipate that The North West Company Inc. will post 3.4924863 EPS for the current fiscal year.

North West Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, June 30th. North West’s payout ratio is 56.21%.

About North West

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.